Writing worth reading - 26th/27th November 2022
Why the Investing Pros Were Such Suckers for FTX by Jason Zweig
“Decades ago, Bob Dylan asked, ‘How many times can a man turn his head and pretend that he just doesn’t see?’”
Elon Musk’s useful philosopher by Paris Marx
“In arguments that are reminiscent of Musk’s musings, he argues that people need to have many more children – Musk now has ten – and that we need to colonise the cosmos so there’s more space into which the human species can expand. The realisation of those trillions of potential future people is of the utmost importance to MacAskill, even if that means crises, suffering and mass death in the near-term, so long as the long-term horizon is not foreclosed ...”
Save Like A Pessimist, Invest Like An Optimist by Morgan Housel
“From the day he started Microsoft he insisted on always having enough cash in the bank to keep the company alive for 12 months with no revenue coming in. In 1995 he was asked by Charlie Rose why he kept so much cash on hand. Things change so fast in technology that next year’s business wasn’t guaranteed, he said, ‘Including Microsoft’s.’”
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Wednesday 30th November — London — details and signup here.
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