18 May 2022
Sir John Kay CBE
Session 4a ‘The map is not the territory’
Speaker: John Kay; Economist and Fellow of St John’s College, Oxford University
“…There is no single theory, descriptive or normative, which will explain market behaviour. We need a variety of models each providing perspectives on what we observe and how we should behave. Economic models, like maps, are purpose specific simplifications.”
John Kay is one of Britain’s leading economists. His work is centred on the relationships between economics, finance and business. His career has spanned academic work and think tanks, business schools, company directorships, consultancies and investment companies.
Personal reflections from Patrick Schotanus:
“John is one of the UK’s leading economists. He’s the recipient of an honorary degree from HWU and has been closely involved in the rebirth of Panmure House. Importantly he has been a forceful advocate to revisit the messages of Smith’s Theory of Moral Sentiments for economics. I first met John at INET’s inaugural conference in Cambridge in 2010. A year later, at the INET Conference in Bretton Woods (yes, that one), we had a follow-up meeting. That year he also summarised his FT columns into an INET target paper, arguing the need to revise economics. More recently, his book on radical uncertainty (co-authored with Mervyn King) is among the favourite topics of the MMH.”
Kiril Sokoloff
Session 4b ‘ESG: the green energy transition will take longer than everyone expects’
Speaker: Kiril Sokoloff; Chairman and Founder of investment firm 13D Research and Strategy
Kiril Sokoloff founded 13D Research & Strategy in 1983. For decades, he has been an active yet low-profile global investment strategist, thought leader, and visionary, advising many of the largest pools of global capital.
Personal reflections from Patrick Schotanus:
“While Kiril is highly regarded by a large number of legendary investors (including Howard Marks and Stanley Druckenmiller), for me he is a thought leader especially because of his personal story (captured in his book Personal Transformation) which has been so influential for his thinking. We met many years ago when he made one of his too-sparingly visits to Edinburgh. I highly recommend visitors to our website to watch, for example, Kiril’s interviews with Stan Druckenmiller, Sam Zell, and other investors. At our symposium Kiril will play devil’s advocate to the ESG crowd, arguing that the green transition will take longer than many expect.”
See the full agenda here | Find the pre-symposium material here
