Charlie Munger on what makes a good business: “What really makes it work is, the business school term is durable competitive advantage, which is a pretty good term. You really want an advantage that, nourished without overwhelming skill, will keep working for you for a long, long time.” And on what to avoid: “You want to avoid a business which is just so brutally competitive that nobody does well over the long pull.”

🎙️ @1inch deputy general council Maylea Ma says that malicious actors in crypto are constantly getting more sophisticated. "I think it's always a cat and mice game....I do think that some actors are finding novel ways to scrape information, social engineering. And maybe it's not necessarily sophisticated, but just new in ways that you know people hadn't seen before."