It is a pity that in many domains that we are interested in, the best practitioners are not the best theorists, and the best theorists are not the best practitioners.
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They are sprouting up. We have
working and writing about Indian Ag-tech and Ag- markets.
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We have writing a about running media businesses.
And I would also place on Venture and entrepreneurship.
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I think that’s a laudable goal. But I’ve come around to LKY’s / Dalio’s view that if you are serious about testing things in practice, or accomplishing things, you have less time to spend on bad messengers. After all, the good ones are so numerous, and life is short.
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I think most domains are like sports where the captain is too close to the action to see the meta and the forest, like how football/soccer need to have a manager, but cricket's pace is slow enough that the captain can function as the manager.
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I think this is common in investing because explaining their process/"theory" also helps attracts investors to their fund for fees so we have Howard Marks, Seth Klarman, David Swensen, Warren Buffet, and others.
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