Are you really sorted out?
Here’s another gem from Anand Sridharan for more reasons than one, least of which is the cricketing analogy to drive home an important lesson in investing. As fans of the game, especially of Rahul Dravid, we have indulged quite a bit in our recently published book Diamonds in the Dust. But more importantly this essay brings […]
MIT-designed project achieves major advance toward fusion energy
The fight against climate change with adoption of clean energy has accelerated over the past decade with significant drop in costs of among others, solar, wind and hydrogen fuel technology. But news from the Massachusetts Institute of Technology earlier this week about a significant breakthrough in fusion energy technology, arguably the cleanest of them all, […]
Turn and Face the Strange
Michael Mauboussin and Dan Callahan have been producing some brilliant research pieces off late for Morgan Stanley’s Counterpoint Global Insights. This one is about what investment firms can learn from the world of sport about adapting to change. Basketball fans will particularly enjoy this as it has plenty of data-based analysis on the rather slow adoption […]
This is why all electric cars look exactly the same
Since a electric car is a computer on wheels, this article by Alistair Charlton posits that all electric cars will look the same (for much the same reason that all laptops and all tablet PCs look the same): “The future of car design is all about skateboards and top hats. The former refers to the flat, […]
Jack Ma’s Bund Finance Summit Speech
On 24th October 2020 Jack Ma gave a speech which seems to have catalysed a Chinese government crackdown on that country’s super-successful internet businesses. Whilst there has been lots said of what exactly Jack Ma said that day and why that led to Ant Financial’s IPO being jammed by the regulator and then the broader crackdown […]
Downside Protection > Upside Generation in Small Caps
The need of protecting portfolio value in a downturn is equally, if not more, important than chasing returns in a bull market. Compounding from a larger base generates higher returns than compounding at a faster pace from a much smaller base. Indeed, sharper falls (drawdowns) during market downturns and higher frequency of such falls are […]
Why Zuckerberg Wants Us All in the ‘Metaverse’
As the chart in this article shows, Google searches for ‘Metaverse’ shot through in August with references to it by some of the world’s most powerful people, most notably Facebook’s Mark Zuckerberg. This article by Scott Galloway, a Professor of Marketing at NYU Stern, first helps us understand what various people mean when they say […]
Here’s why Robert Shiller’s two stock-market indexes are telling wildly different valuation stories
Whilst PE multiples have limited ability to tell us anything about how richly or poorly valued a security is, especially for companies who consistently compound earnings over long periods of time, they weren’t particularly useful in valuing cyclical companies in the developed world either. This is because the PE would be understated as earnings rise […]
Elon Musk’s Trip Through Hell: Inside the 2018 Scramble to Avoid the Collapse of Tesla
Elon Musk is among the richest people in the world today with his company Tesla’s shares soaring through last year. Yet, it was as recently as 2018 that the company was struggling to make a profit, get its production schedule going and Musk himself embroiled in a punch up with the regulator. This dramatic turnaround […]
The perfectionism trap
We’ve been trained as kids and we in turn teach our kids to strive for perfectionism in everything we do. This approach to life has helped many of us in our achievements individually as well as helped humanity progress collectively. However, as ever, the approach to perfectionism has its downside, especially in terms of mental […]
Unethical? Unnecessary? The COVID-19 vaccine booster debate intensifies
Science Magazine is a highly respected source and authoritative source which non-experts like us can use to understand the latest developments and debates. In this piece Ms Vogel lays out the contours of what is bound to be raging debate over the next 12 month: is there a need for people who have received their […]
An Afghan tragedy: the Pashtuns, the Taliban and the state
Those who understand how closely the fates of Afghanistan, Pakistan and India are linked will enjoy reading this brilliant analysis of why Afghanistan has been and will be for some time to come a troubled country. The piece also raises powerful questions about whether the rest of the world – and especially the West – […]
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