Not all of us wants to outrun a ghost
When you have been brought up most of your life learning how to game the system, the metric for success becomes defined as beating someone rather than curating the life you actually want.
How the good stuff gets killed
"Don’t use a typewriter. The noise will destroy your sense of rhythm, which still needs years of training."
- CS Lewis
When you think about it
No one grows up thinking: "I'm passionate about tax law", but the best tax lawyers fly private jets and have a much broader selection of mates than they deserve.
Shortfalls of conventional wisdom
Lessons on getting educated, unhealthy comparisons and staying humble.
A good day to take a walk.
“The good news is that the Italians make the pasta and the Swiss make the watches. But if we stop world trade and the Swiss have to make their own pasta and the Italians have to make their own watches, the world will probably... maybe arguably, people in both countries will be a little worse off.” - Howard Marks [1]
The current state of affairs
Competitive rivalry in the VC world, recession and tech jobs, a banker's pipe dream and how to legitimately lose money.
Value sits with the beholder of cash
Deriving an accurate discount rate is a fool's errand. Value sits with the beholder of cash in his pockets, who are you to say otherwise?
A great way to fly again
SIA ends an interesting chapter of its history with redemption of its last remaining MCBs.
Praying to the Avocado Bell Curve God
Even seemingly intelligent humans, when desperate, gullible and possibly even bored enough, will believe nearly everything you tell them.
Musings from a few interesting people
Not all PE firms are created the same, China, broken return models, decision making, stupid questions, and the art of investor relations.
Hong Kong needs a “Taylor Swift event"
I love Shenzhen. I like its wide city roads that are peppered with electric taxis. There are virtually so many electric cars on the...
What the whales own matter to the fishes
It only takes one bad month, one wrongly sized bad trade.