Argonautica

Professional investors can review published thought leadership and market updates from the Argonaut Investment Team.

1 post found for 17 April 2020

‘The rational risk-taking of the restless caveman’

Let us return to the Stone Age.1 For the past few weeks our Neanderthal ancestor has stayed almost exclusively within the safety of his modest limestone cave. Against his natural libertarian instincts our caveman reluctantly agreed to assiduously limit his outdoor activity to brief forages for wood and fresh water. The tribal elders insisted on these rules: they argued that it would buy time for the community to better understand the unfamiliar fresh external threat. But if they now knew more, this…