More of the same message, but it is amazing how quickly everyone forgets what the real issues are out there. It is always good to hear Marc spread the gospel, even though his focus comes from the neo-classical point of view. Moreover, he has a short to near term orientation, like many of today's investor/economists. By this, they rarely look at things beyond a ten-year time horizon. We do.
In fact, we believe going out 10, 25 or even a 100 years is essential and differentiates our thinking. Formulating such a long term look, gives us a bench mark that is proactive; allowing us to envisage the emerging patterns or templates quickly. For instance, Iceland, Ireland, Greece, Cyprus and others, support the template we see for many countries down the road, as they shift into a physical-economic resource destitution comparable to Nauru. And this is the global template that we envisage heading towards the longer term, as populations explode, while resources are completely exhausted.
So our investment conclusions, draw from the insights of the best short-term investors providing a more integrated view, when meshed with our far-off time-lines and emerging templates. And for that, we should all be the better..
March 25, 2013
In the long-term we are...
