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.”

According to sources familiar with the matter:
 The proactive market makers behind $MMT and $SAHAR are: Vincent Niu @VincentNiu222 and Kai Wu @kai_manifold 1. Vincent Niu @VincentNiu222 Born in 1989. •Graduated in 2011 from the School of Mathematical Sciences at Fudan University •Later earned a Master’s degree in Finance from Stanford University Professional Experience: •Jun 2013 – Nov 2014: Quantitative Risk Analyst at @BlackRock •Nov 2014 – Apr 2017: Co-founder of Mustard Finance •Mar 2018 – Mar 2021: Founder of DappReview (acquired by @Binance in Dec 2019) •Dec 2019 – Mar 2021: Head of Product at @CoinMarketCap •Former Partner at Sky9 Capital 2. Kai Wu @kai_manifold Native of Hangzhouangzhou, Zhejiang Province, China, and born November 1982. Academic Background: •2005 – 2011: ◦Undergraduate, Tsinghua University Special Class for the Gifted in Basic Sciences ◦PhD in Physics from the Tsinghua Institute for Advanced Study ◦Postdoctoral Researcher at the Stanford Linear Accelerator Center (SLAC), under Professor Zhang Shoucheng Professional Background: •Core member of CoinXP @CoinXPofficial •Former Investment Director at @snzholding & Former Chief Scientist at Taiti Technology •Founder of MCG At the time, $FLOW ranked among the top three investments in SNZ’s portfolio by return, a deal widely attributed to Wu’s investment decision. That said, while his investment instincts have been viewed as solid, some industry participants have privately described his trading performance as relatively weak. 
As for his track record in building and operating projects, critics in the space often suggest it has not materially outperformed his trading results. @MMTFinance @SaharaAI @zachxbt @FareaNFts @mrblock @ardizor @DeFiTracer @morsyxbt @LordOfAlts @lookonchain @TheBlockCo @CoinDesk @Cointelegraph @blknoiz06