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Averaging Up
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  • About
  • Mental Models
  • The Infinite Investor
    • Preface & Table of Contents
    • Chapter I: The Lie of the Average
    • Chapter II: Ergodicity and Behavior
    • Chapter III: The Foundation
    • Chapter IV: The Four Buckets
    • Chapter V: The Lenses
    • Chapter VI: The Selection Process
    • Chapter VII: The Exceptions
    • Conclusion: From Finite to Infinite
Averaging Up

Month: November 2026

The A Paramount and the Small Investor’s Advantage : The rarest form of business — and why it suits the minority holder, above all the small one

Posted on November 2, 2026

It takes no capital. It has pricing flexibility. … I need a Moody’s rating and I need a Standard & Poor’s rating, and I can’t negotiate with them. — Warren Buffett, Fox Business, 2015   Download the Slides Deck: The_Paramount_Advantage  Listen to the deep-dive discussion – Why Small Investors Beat Warren Buffett   Every business…

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