What sets us apart from the planet’s other tenants is our ability to collaborate. We are the most intelligent known species on the planet, but even this intelligence pales before our ability to work together. This ability to collaborate has allowed us to not just live with what we have, but to shape our environment

Consider the possibility that once the planet was populated only by species reproducing asexually. The Y chromosome was absent. Along comes an alien pathogen that infects the indigenous species, introducing the Y chromosome into their DNA. This parasite creates the male of each species and changes the course of evolutionary history. It is bery successful

Impact investing is about purposefully making investments that achieve certain social and environmental benefits while generating financial returns. It is by construction a specific investment strategy that defines the non-financial outcomes explicitly, up front. There is, however, a more general type of impact investing which the purists will not consider impact investing but which we

2022 was the first time since 1969 that equities and bonds fell in unison in a calendar year. The proximate cause of the declines was rising interest rates as central banks tightened financial conditions to rein in higher inflation. Rising interest rates affect both profitability and asset valuations via higher discount rates applied to future

There once was a fool who prized being right above being rich. He placed his bets to hedge the pain he might suffer for his failings and, fool that he was, was more often right than wrong, and therefore succeeded in being more right than rich.