What Knowledge Matters?

What Knowledge Matters? by Tom Macpherson, Dorfman Value Investments
In 1888, a Harvard professor in biology gave a speech at the Lowell Foundation about the abilities of species to survive and thrive in a constantly evolving environment. During that speech he made a point that most successful species are good at two defined behaviors – finding nutrition and reproducing. Other specialized behaviors – from eating only plants from the yew tree to shooting insects . . .


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