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I very much enjoyed giving my lecture “Compounding with the Spawners” to the students of Peking University's Guanghua School of Management. We talked about Spawners and how to identify one. The presentation included a rich Q&A session on a diverse set of topics. Enjoy! https://www.youtube.com/watch?app=desktop&v=pUiwBs_N5cE Here is the link to the podcast: If you prefer reading over listening, here is the transcript. 
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December 2025
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