Consumer biases may hold back online retail
“If Frank Capra is right that ‘a hunch is creativity trying to tell you something’ then our hunch is that the growth rate in online retailing is held back by consumers’ psychological biases.”
Investing
Nick Sleep and Qais Zakaria's June 2011 letter to Nomad partners, one of the letters in Nomad Investment Partnership Letters, 2001–2014.
Large online retailers may still be young
“In other words, although some online retailing firms may be quite large, they may also be quite young.”
The investment industry has all but lost trust
“Trust, once the cornerstone of the industry and derivation of words such as unit trust, investment trust, trustee a nd so on, has been all but lost.”
Cynicism is no substitute for wisdom
“The cynicism may be endemic, but it is no substitute for wisdom.”
Rebuilding a web of deserved trust
“What is required, in our opinion, is the rebuilding of a web of deserved trust between participants.”