"Growth is driven by compounding, which always takes time. Destruction is driven by single points of failure, which can happen in seconds, and loss of confidence, which can happen in an instant."
"Chinese growth is ‘good enough’ rather than a threat to stability."
"Learning to fail, to diagnose a mistake and to build a better approach from it is not a detour from the research process - it is the research process.”
"When it comes to the Magnificent 7, there was a long stretch where no one needed a mirror to pick the most magnificent of them all. Nvidia and its jaunty, leather jacket-clad chief executive Jensen Huang could do no wrong, as together they helped drive the stock market to new heights. To be sure, the company’s stock is still soaring. It’s the valuation that’s sinking. And in doing so, it’s sending a warning about the chipmaker’s prospects for maintaining that booming profit growth."