Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.
In an age where there's so much active misinformation and its packaged very well and it looks the same when you see it on a Facebook page or you turn on your television. Where some overzealousness on the part of, you know, a U.S. official is equated with constant and severe repression elsewhere.
I look at Rafa Benitez in his time at Liverpool, he had difficult periods and the same goes for Brendan Rodgers in the same job now. These difficult periods come and you have to accept that.
So, if you look at what's common among some of the companies I have, including the Four Seasons, NewsCorp, George V, the Plaza, these are all irreplaceable brands in their own fields.
In Bach there is still too much crude Christianity, crude Germanism, crude scholasticism; he stands on the threshold of European (modern) music, but he looks back from there to the Middle Ages.