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2025 Q4: 29.04%, maximizing the value of a life well lived, the end of humans in investing and engineering

Disclaimer: By reading this article, you acknowledge and agree to the  terms and conditions . Year Return 2024 46.6% 2025 29.04% 2025 resulted in a return of 29.04%. A good return. An index beating return. It was the most challenging year of my life to date. I don’t want to talk about it. That said, as a new Asian father, it’s my duty to be perpetually disappointed and overbearing. I look back at the mistakes made and know I could have done much better. I decided not to start a fund and that gives me the freedom to talk about whatever I want to talk about. From now on, these letters will be addressed to my kids, but maybe other people might find value in them. “If you don’t read books, you live a lifetime. If you read books, you live 1,000 lifetimes.” - Tobi Lutke, CEO/co-fo...

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