It was my father’s 80th birthday yesterday and, as we couldn’t have a proper party, we were talking on Zoom about how the world has changed in his lifetime.
He spent his career in computing and appropriately 1941 saw the invention of the Z3, the first ‘real’ computer. This was invented in Germany but dismissed by the Nazis as not “war-important”, and then unfortunately destroyed in a Berlin air raid in 1943. Not every good idea is recognised straight away, as Clive Sinclair found out in 1985 with his forerunner to the now-ubiquitous electric scooters.
I also listened to Epsilon Theory’s podcast about leverage in Archegos, Gamestop / Melvin Capital and Greensill – highly recommended.