This article is authored by MOI Global instructor Scott Reardon, Portfolio Manager at Dakon Capital, based in Los Angeles, California.
One of the most haunting concepts in philosophy is Nietzsche’s eternal recurrence. Eternal recurrence is the idea that because time is infinite and possibilities are finite, the same events must recur over and over—forever. Recurrence means that wherever you and I may go in our lives, someone else has already been there. Millions of other people have already thought our thoughts and dreamed our dreams. Recurrence also means there’s no hope of improvement or progress across the ages. Instead everything’s one giant repetition. Each generation is destined to repeat the struggles of the ones that came before it. And you can’t escape. You can’t “transcend” this — though you’ll try. Everybody tries.
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About The Author: Scott Reardon
Scott Reardon is the founder of Dakon Capital, an investment firm which focuses on deep value stocks. Prior to founding Dakon, he was the director of corporate development at a holding company pursuing a Berkshire/Leucadia strategy. Previously he was a research assistant at Columbia Business School in the Graham & Dodd Value Investing Program. He graduated cum laude from Northwestern Law and worked at Simpson Thacher & Bartlett in New York before joining the investment industry. His first novel, THE PROMETHEUS MAN, was published by Little Brown in 2017.
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