Defy the Fade You and Your Research
12 snips
Aug 25, 2022 Sanjay Ayer, a Portfolio Manager at WCM, dives into Richard Hamming's iconic lecture 'You and Your Research.' He discusses why few scientists make lasting contributions, emphasizing the importance of courage, collaboration, and the right mindset. Ayer also highlights how constraints can fuel creativity and the value of early collaboration in research projects. He shares insights on aligning professional actions with personal beliefs and how introspection can enhance decision-making in investment strategies, blending humor with profound wisdom.
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Work On Important Problems
- Many smart people fail to make major contributions because they work on the wrong problems.
- Hamming argues you must pick important problems and commit to them emotionally to have impact.
Build And Improve Your Portfolio
- Focus on two linked questions: build a portfolio that performs and improve how you build it.
- Simultaneously work on execution and R&D to sustain long-term outperformance.
Balance Toolkit Breadth And Timeless Pillars
- A toolkit must be broad enough to stay relevant yet narrow enough to execute well.
- Timeless pillars like moat trajectory and culture help port across sectors and regimes.