VIP Class Notes (Fred)

The World Health Organization (WHO) on Friday designated a new Covid-19 variant detected in South Africa with a large number of mutations as being “of concern”, the fifth variant to be given the designation.

The WHO said in a statement that it had assigned the B.1.1.529 variant the Greek letter Omicron.

The UN health agency also said early evidence on the variant has shown an increased risk of reinfection compared to other highly transmissible variants, indicating that people who contracted Covid-19 and recovered could be more subject to catching it again with Omicron.

The WHO suggested that the variant could pose greater risks than the Delta variant, which has been causing ravages worldwide.

The announcement marks the first time in months that agency has classified a Covid-19 variant as one “of concern”. The Delta variant is in the same category.

variety, various, variant

transmit STI = sexually transmitted infections

be infected with = contract

highly infectious

pose risks to… // pose a threat to …

I can’t agree more.

boom and bust

top-tier

foundational

become penniless

tragic

Grammar

I formed(established/founded) Bridgewater in 1975. In 1982, Mexico defaulted on its debt and I thought we were going to have an economic crisis. And I could not have been more wrong. That was the exact bottom in the stock market. And we had a big boom(thriving 牛市) market. I lost so much money that I essentially(=almost) went broke(身无分文的). And it was very painful. But that painfulness gave me exactly what I needed. I have an expression (equation) : pain plus reflection equals progress.

I think that the greatest tragedy of most people is that they hold wrong opinions in their minds that they act on rather than to stress-test those. If you have an opinion and somebody disagrees with you, maybe you’re the one who’s wrong. And so (to take that and then say – how do I stress-test that) significantly improves your probability of being right.