It’s Friday, and you’re in the mood for something light yet enriching—something that not only entertains but also equips you with insights for both your professional and personal life.

Today, I want to share a brief but intellectually stimulating conversation I had with Luca Dellanna, author of Winning Long-Term Games and Ergodicity.

In this episode, we explore:

1. The distinction between reproducible and non-reproducible strategies
2. How renowned investors such as Mohnish Pabrai and Guy Spier clone Warren Buffett’s strategies—are they using reproducible or non-reproducible strategies?
3. The concept of only imitating those whose success relied on luck—what does this imply?

I guarantee your coffee might grow cold as you dive into this thoughtful and engaging discussion with Luca.