Deciders

The end of labour is to gain leisure.”

“Opposites are complementary.” - Niels Bohr In investing as in life, labels are useful in small measure but potentially fatal if abused.

“The best thing I did was to choose the right heroes.”- Warren Buffett Asia trip reflections I had three vivid experiences while travelling this summer.

"How do we stay in the room and hear things that are difficult?

"There can be few fields of human endeavour in which history counts for so little as in the world of finance." — J.K.

"Reason is and ought only to be the slave of the passions." — David Hume When I started writing about decision-making 163 blogs ago, I started from the perspective that we reach our views through a mostly “rational” process.

“There is always a well-known solution to every human problem—neat, plausible, and wrong.” - H.

We venerate the Magna Carta and the rights enshrined by the US Constitution, but rarely do we consider what they rest on.

Much of the recent focus has been on private credit, but the more consequential developments may be unfolding in private equity.

“Liberty means responsibility.

“If a man knows not to which port he sails, no wind is favorable” – Seneca The deep state “The deep state” or the “The blob” are both colourful descriptions of a deep network of well positioned people with an agenda.

“I honestly believe it is better to know nothing than to know what ain’t so.” - Josh Billings Uncertainty is a fact of life .

“The function of leadership is to produce more leaders, not more followers.” — Ralph Nader One of the most important lessons from the CIO Chair podcasts is appreciating just how much of the decision‑making is done before a CIO signs off on anything.

“Technology is a useful servant but a dangerous master.” - Christian Lous Lange Each technological shift produces two predictable reactions.

“Private credit: Smoke, yes, but how much fire?”

" Life can only be understood backwards; but it must be lived forwards ." — Søren Kierkegaard Graduates and their families are currently navigating the competitive environment for graduate jobs.

“Political language is designed to make lies sound truthful and murder respectable, and to give an appearance of solidity to pure wind.” — George Orwell If there is one reason (and if you are an investor, I hope there will be more than one) to listen to t…

“The reality is I'm an investor.

Podcasts are like Marmite.

“The price of anything is the amount of life you exchange for it.” — Henry David Thoreau What a year 2025 was!