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“Very few emerging markets actually emerged”. Brilliant conclusion. There are even less cases of a successful entry into the developed club. Is it their fault or the club is not willing to make friends? Each global crisis eats the majority of the gap narrowing and a strong dollar solidifies the result. In USD most of those markets are down in the long term.
Great interview loaded with wisdom and deep-level thinking! The book is excellent too, except that there are multiple "F" words in the chapter for Mohnish, who looks to be a very benign guy. Never heard those words out of Mohnish's mouth when seeing him both in person or in interviews.
I especially like the observation that ii you want to look up a word starting with the letter “s” you would start about 3/4 of the way through the dictionary then home in in the next few steps.
Bitcoin actually wasn't the first cryYptocurrency there were several iterations since the 90s that reached a much smaller thought share in public consciousness.
