Heading to the airport
Today is a travelling day, so I won't have a chance to update until I
reach New York. I'm planning to keep a fairly constant feed of
observations on Davos in New York running here.
Given how much further New York is than Davos from London, it's
strange that there isn't much difference in the travel time. Part of the
charm of Davos, for me, is that it is difficult to get to. If it were in
Zurich (yawn), it would be a snap. But getting from Zurich up the
mountains, if you use my preferred transport of the train, is reasonably
laborious. For New York, I get a direct flight and I'm there, barring
the taxi ride into Manhattan.
In the last set of emails I received before leaving, I was invited to
moderate a lunch on behavioural economics. The blurb notes that
"research in the psychology of decision-making reveals that investors
often make decisions that are not fully rational." Far, far stronger
statements could be made, in the light of the madness of past years.
7:51:58 AM 
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