LATEST BLOGS

Adventure

Adventure is merely bad planning – Roald Amundsen I have talked about Amundsen before and focussed in particular about how his success as an explorer was a function of his obsessive planning. What strikes me about people who are successful in very difficult fields is that they all share similar traits, attributes or philosophies.  Much the…

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Tesla’s Model 3 Lives Up to the Hype

Tesla has lifted the veil on its most important undertaking: the Model 3, a $35,000 car designed to bring electric vehicles and autonomous driving to the masses. By the looks of it, and the interest it’s attracting, it just might succeed.  On Thursday, Tesla raked in 134,000 reservations, each with a $1,000 deposit. And that was before…

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Welcome To Iceland

Kviabryggja Prison in western Iceland doesn’t need walls, razor wire, or guard towers to keep the convicts inside. Alone on a wind-swept cape, the old farmhouse is bound by the frigid North Atlantic on one side and fields of snow-covered lava rock on another. To the east looms Snaefellsjokull, a dormant volcano blanketed by a…

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The Tide Turns

FOR decades looking after other people’s money has been a lucrative business. Profit margins in the asset-management industry were 39% in 2014, according to BCG, a consultancy, compared with 8% in consumer goods and 20% in pharmaceuticals. The industry’s global profits in 2014 were an estimated $102 billion, allowing firms to pay those picking stocks…

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