Librería Samer Atenea
Kálamo Books
Librería Elías (Asturias)
Librería Kolima (Madrid)
Librería Proteo (Málaga)
In an age of abundant intelligence and monetary uncertainty, the classic value-investing adaptations that built Warren Buffett’s record must be recalibrated. Narrow circles of competence, binary earnings predictability, and static economic moats were rational responses to information scarcity. Today intelligent systems parse filings and update probability distributions before markets open, while the traditional risk-free rate has changed character and no longer serves as a passive long-horizon anchor. The Infinite Investor: Value Investing in the Age of Intelligence by Paul J Edwards supplies the operating system for long-horizon capital allocation under these conditions.It replaces terminal-growth compression with a Living Value Horizon of evidence-supported economic phases assembled into finite paths, each ending in a Durability-governed final observable phase. From the same living map emerge four simultaneous dimensions of the Modern Margin of Safety: Size of the gap between price and Horizon Value, Stability under written stresses, Monetary Resilience across alternative fiscal and monetary regimes, and Durability of competitive advantages under abundant intelligence. Deployable capital is ranked by Effective Edge into a coverage-realistic Value Top 20 and sized by Long-Horizon Kelly. Permanent ownership remains the default; the sole legitimate exit is the Durability-primary Sacred Exception. Free capital circulates via the 80/20 Heartbeat in taxable vehicles and Alpha Segmentation in tax-advantaged accounts without wounding intact horizons. Bitcoin is examined as pristine collateral and the emerging long-horizon real hurdle; high-grade Digital Credit is the candidate risk-free rate once the category matures. The Human-System Partnership protects finite attention. The Creed and Particular Principles form the living rule base that travels with the capital, enabling multi-generational Great Houses to keep irreversible loss low.Written for principals, family-office stewards, founders with treasury complexity, and next-generation decision-makers, this practitioner’s manual is not stock tips or maximalism. It is inspectable standards you can still defend when information is cheap, the unit of account is unstable, and the next steward inherits your decisions. Upload the pages into the system you already have or the one you will build, and run them as living requirements. The chain of compounding continues only if the standards do.
