Writing worth reading - 19th / 20th December 2020
“Sanjay pointed: a digit that should have been a 0 was a 1”
“Turchin stresses most heavily “elite overproduction”—the tendency of a society’s ruling classes to grow faster than the number of positions for their members to fill…The problems begin when money and Harvard degrees become like royal titles in Saudi Arabia. If lots of people have them, but only some have real power, the ones who don’t have power eventually turn on the ones who do”
“Boswell recalled the crowd getting “louder and louder”. To try to make the ordeal stop, Boswell rushed, taking less and less time before each ball. “I just remember trying to race through my over to get it completed as quickly as I could. Unfortunately, I sped things up when pressure got to me, rather than trying to slow it down””
Does value investing still work? The Economist
“The creed has its roots in the 1930s and 1940s, when Benjamin Graham argued that investors needed to move on from the pre-1914 era”
Upcoming meals with 9others:
Wednesday 27th January — London — details and sign-up here.
Wednesday 20th January — Berlin — contact Matthew for details.
Brilliantly Easy, Stupidly Difficult, a podcast by 9others is here.