Three questions we are all asking in this market

Reading Time: 6 minutes There are decades when nothing happens, and there are weeks when decades happen. Lenin Yes, so in case you are wondering we ARE in the Lenin quotes phase of this crisis (Warren Buffet quotes was first week of March, Charlie Munger second week of March and Peter Lynch third week of March, since you asked). … More Three questions we are all asking in this market

Top Reads March 2020

Reading Time: 3 minutes My latest top reads, might come in handy if you have more time at home than anticipated these days … Red Notice A true-story thriller which goes from building an asset management business in Russia in the 1990’s, being blackmailed by oligarchs to murder, corruption and becoming Putin’s #1 enemy.   goodreads.com Super Pumped The … More Top Reads March 2020

Amplifying Certainties

Reading Time: < 1 minute We are deeply wired to care a lot about our sense of self worth & social standing … if these are undermined we feel a threat, which pulls brain fast into fight/flight mode & we lose cognitive capability So in our moments of greatest challenge, we actually become dumber… That was the stark but enlightening … More Amplifying Certainties

15 productive things investors can do in a market downturn

Reading Time: < 1 minute Re-affirm your investment objective ( for framing, context) and your process 2. Run through each of your holdings and remind yourself why you own it 3. Check your mandates are performing as expected given conditions 4. Remind yourself how often drawdowns usually occur – put things into historical context 5. Count how many of the … More 15 productive things investors can do in a market downturn

Complex systems and an Oscar-worthy f*** up

Reading Time: 2 minutes And the winner is … La La Land!! You might remember this one. Oscars night in 2017. Award for best picture. Warren Beatty and Faye Dunnaway presenting. The entertainment world waiting with baited breath as Beatty hesitated -playing with the audience- as the winner of the best picture was to be announced … But it … More Complex systems and an Oscar-worthy f*** up

Patient capital in the 21st century

Reading Time: 4 minutes There’s never been a greater need for long-term investment to replace decaying global infrastructure and navigate serious challenges like climate change. But long-term investment programs are rife with challenges and there is no guarantee of success. That’s the premise of an ambitious book (Patient Capital) by Harvard Business School professors Victoria Ivashina and Josh Lerner. … More Patient capital in the 21st century

Think like a …

Reading Time: < 1 minute We put knowledge into silos But there’s value in the wisdom that comes from “thinking like” someone else (from the work of @ShaneAParrish @JamesClear @ScottAdamsSays ) Think like a behavioral psychologist: what are the incentives? What are the relevant cognitive biases in play? What are the second order effects Like an evolutionary biologist: what are … More Think like a …

Two Lessons Learnt in Pursuit of Constructive Challenge

Reading Time: 7 minutes “Your commercials suck… The iPad is revolutionizing the world, and we need something big. You’ve given me small sh*t.” Ouch. That’s what Steve Jobs reportedly told the creative head of TBWA/ Media Arts in the run up to the IPad launch. Challenge? Yes. Constructive? Probably not. Two little words that are so easy to say … More Two Lessons Learnt in Pursuit of Constructive Challenge