I think this is one of the great tragedies of the moment, is the falling birth rates are making it more difficult for people to be excited about a more prosperous future that is difficult to get to. Because if we're planting trees of which our children will not sit in the shades, I don't know, maybe we should just make some lumber and burn it all down, right? I think there's a nihilism that can sneak into society much more easily when we are not DNA invested in the future
Much of active investing is built around publicly available information and a belief in the power of mean reversion, not original research and seeking information.
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