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Part VIII: Alpha and Omega
Investors will find false security in owning the last era’s Commanding Heights and financing this era’s inventions, because both miss what comes next. Even Buffett mistook one era’s economic settlement for a permanent position, buying newspapers through 2012 and selling them all in 2020 for less than half of what he paid. Only reconstructed portfolios, composed of re-mandated managers, will have a chance at laying claim to the new Commanding Heights while they can still be purchased. Read by an AI voice. Read it, with its notes and charts: https://commanding-heights.com/part-viii/
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