WM 31 October 2021
Quotes "Life is risky. People die from it!" Happy Halloween Lessons & Thoughts Paradox: predicting the short term is harder than the long term. Focus on trend lines over headlines Robert Wilson is one the best long short equity investors of the 1970s and 1990s and died in 2013 with a USD 800m fortune Classic shorts: Fads. Example of Crocs To ape is our nature How to please your client? So you want to write a book? Average non fiction books have 70000 words spreads over 246 pages with c. 250 words per pages. Mental health Childhood traumas It's ok to fail Bob Farrell's Rules to remember As the Cop 26 starts in Glasgow, worth remembering a few facts about energy Untaxed negative externality = hidden subsidy A good example is wind energy. Denmark went for massive wind energy investments and subsidies. The problem is when too much wind, need to export electricity at depressed prices. When no wind, must import electricity from Norway p...