Judge Nomad only over the long term
“Whatever the yardstick, we ask only that Nomad be compared over the very long-term.”
Business
Darwin's approach favours thinking over data
“Whilst Zak and I applaud John Kearnon, we try to take Charles Darwin’s approach: de - emphasise the data collection and think.”
Labelling information for its fact content
“To avoid confusion, one solution may be to label information for its fact content, in the same way we label food for its fat content.”
Information has a sell-by date
“Information, like food, has a sell by date, after all, next quarter’s earnings are worthless after next quarter.”
Incentives and rules can demoralise behaviour
“Indeed, Zak and I would take it a step further and say that incentives (and rules ) can de - moralise behaviour, and what the industry needs more than anything, perhaps, is a sense of right and wrong.”