Historical discounting

For most of human history, children were largely ignored until they were old enough to begin contributing to the survival of household or tribe. It is only in our modern society that children have become the center of attention from day one. 

Parenting books promise that there ...

The most important lesson that one can learn from this debate refers to the fact that you should pay extra attention when making statements during a public debate. The consequences can be quite disturbing, even after some good years.

Two truths:

1. Every asset goes through temporary out-of-favour periods.
2. The world continues to change, and some things will fall permanently out of favour. Investing strategies that have worked for decades will stop. Industries will go through...