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Thank you, Justin and Delphine for a fascinating discussion. What emerges, clearly, is that the conflict between the need to have the "edge" ('portfolio of winners', 'financially rewarding',) and the need to "do social justice" (ESG & collaborative action) is a fundamental challenge/problem to/in the investment world. It seems to me this is the fundamental root-cause of 'noise': the confusion generated within by the paradox of our competitive drive in conflict with our"need" for cooperative or collaborative behaviour. The result: donning 'multiple hats' [masks] to cope with the psychological upset of paradoxical behaviour. Thanks again for a fantastic discussion of the 'hard stuff' and the much, desperately needed/required 'soft stuff'- our human condition (why, when the ideals of life are to be cooperative, nurturing and loving, are we competitive, aggressive and selfish?).

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