A lot has been said about cloning in investing but a lot is left unsaid. Cloning is interesting because it exposes us to new investment ideas. Cloning becomes dangerous when we use it to clone someone’s process.
In the film The Matrix, Morpheus asks Neo after he unplugs Neo from the Matrix,
What is real? How do you define Real?
I think in the age of never ending stimuli that’s perhaps the most relevant question we can ask ourselves. There is an often misrepresented quote –
Ignorance is bliss.
I believe that no one, no matter how well informed, has a monopoly on narratives and that is reasonable for sensible, well informed people to disagree about the value of a company.
– Narrative & Numbers by Prof. Aswath Damodaran
Our ability to think about something is based on thoughts, which can be either visual or verbal. In his book, Prof. Damodaran tries to capture the process of looking at narratives & numbers like a Right Brain / Left Brain approach to understand valuation.
The longer version of this post’s title was supposed to be:
Well, it was never meant to be perfect.
Now that I’ve lost your attention, let me bring it back to something much more important.
I’ve always wondered why people used the phrase ‘pay attention’. Why ‘pay’? Why not just ‘give’ attention. Certainly it conveys the same intent. I think it makes a lot of sense when we think of it as a metaphor. We are in a sense, literally paying with our mind’s cognitive capacity to focus on something when we are paying attention.
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