<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[Fairweather]]></title><description><![CDATA[Writing with the vague hope that I'll have fewer regrets on my deathbed. Also puns.]]></description><link>https://alistairfairweather.com</link><image><url>https://substackcdn.com/image/fetch/$s_!lFqz!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92ae5e4d-bd2a-4054-a7e6-b05bfb40f100_1254x1254.png</url><title>Fairweather</title><link>https://alistairfairweather.com</link></image><generator>Substack</generator><lastBuildDate>Fri, 15 May 2026 11:05:35 GMT</lastBuildDate><atom:link href="https://alistairfairweather.com/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Alistair]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[alistair159500@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[alistair159500@substack.com]]></itunes:email><itunes:name><![CDATA[Alistair]]></itunes:name></itunes:owner><itunes:author><![CDATA[Alistair]]></itunes:author><googleplay:owner><![CDATA[alistair159500@substack.com]]></googleplay:owner><googleplay:email><![CDATA[alistair159500@substack.com]]></googleplay:email><googleplay:author><![CDATA[Alistair]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[Kak haircuts make me happy]]></title><description><![CDATA[From the times of the ancients (aka 2015) - one of the more fun things I've written.]]></description><link>https://alistairfairweather.com/p/2015-08-01-kak-haircuts-make-me-happy</link><guid isPermaLink="false">https://alistairfairweather.com/p/2015-08-01-kak-haircuts-make-me-happy</guid><dc:creator><![CDATA[Alistair]]></dc:creator><pubDate>Fri, 15 May 2026 07:09:13 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/0cc9e962-7d3e-4229-90c0-71147168a70e_825x464.avif" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Most of my pension money is managed by Allan Gray. That&#8217;s a conscious choice, not something I inherited from a particular employer. And when I get one one of the quarterly email newsletters from the folks at Allan Gray even if I only glance at it, I feel comforted. Why? Have a look at the screenshot below. </p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!dV0w!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b1fd9c9-918f-4a20-b131-26310470cd36_400x385.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!dV0w!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b1fd9c9-918f-4a20-b131-26310470cd36_400x385.png 424w, https://substackcdn.com/image/fetch/$s_!dV0w!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b1fd9c9-918f-4a20-b131-26310470cd36_400x385.png 848w, https://substackcdn.com/image/fetch/$s_!dV0w!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b1fd9c9-918f-4a20-b131-26310470cd36_400x385.png 1272w, https://substackcdn.com/image/fetch/$s_!dV0w!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b1fd9c9-918f-4a20-b131-26310470cd36_400x385.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!dV0w!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b1fd9c9-918f-4a20-b131-26310470cd36_400x385.png" width="400" height="385" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4b1fd9c9-918f-4a20-b131-26310470cd36_400x385.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:385,&quot;width&quot;:400,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:171696,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://alistair159500.substack.com/i/197815054?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b1fd9c9-918f-4a20-b131-26310470cd36_400x385.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!dV0w!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b1fd9c9-918f-4a20-b131-26310470cd36_400x385.png 424w, https://substackcdn.com/image/fetch/$s_!dV0w!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b1fd9c9-918f-4a20-b131-26310470cd36_400x385.png 848w, https://substackcdn.com/image/fetch/$s_!dV0w!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b1fd9c9-918f-4a20-b131-26310470cd36_400x385.png 1272w, https://substackcdn.com/image/fetch/$s_!dV0w!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4b1fd9c9-918f-4a20-b131-26310470cd36_400x385.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Look at those haircuts! Nerds for days! </p><p>Ok, Wanita is the exception, but the rest of these okes - dork&nbsp;central. Dudes with haircuts that terrible are not out to impress anyone. If the person managing my pension has a faux-hawk or more gel in his hair than sense in his head, I&#8217;m going to be nervous. I want someone focussed on managing my money, not impressing the other buggers at the Baron. </p><p>I&#8217;m only half joking here. So much of the world&#8217;s money is managed by relentless egotists who play poker with other people&#8217;s savings. So many of these so called money managers chase quarterly returns and put their bonus before all else. The guys at Allan Gray can be a bit stodgy, but they always deliver in the long run. </p><p>My investment style is deeply, deeply uncool. Buy early, hold long. No fads, no gold, no junk bonds, no private equity leveraged buy outs or collateralised debt obligations. No derivatives at all in fact. </p><p>I&#8217;m also a natural bear and an incorrigible contrarian. As I&#8217;ve gotten older I&#8217;ve become more risk averse as well. I&#8217;m looking for long term value, not sexy short term froth. </p><p>And that&#8217;s why <a href="https://www.allangray.co.za/globalassets/documents-repository/manco/quarterly-commentary/Allan%20Gray%20Unit%20Trust%20Management%20Limited/Files/2015-Q2.pdf">this kind of analysis</a> from Sandy McGregor (the dude is called SANDY for shit&#8217;s sake!) is such a turn on for me:</p><p>&gt; It is no coincidence that high interest rates in the 1980s generated growth by eliminating an inefficient allocation of resources, whereas the experiment of zero rates has promoted inefficiency and has failed to generate robust growth. Since 2012 Japan has embarked on the most aggressive campaign of monetary easing ever attempted - with remarkably little effect on its real economy.</p><p>So roll on kak haircuts, I say. And cheers to Rob Dower and his band of sober Susans. The capital cowboys can masturbate with someone else&#8217;s life savings - mine are out of their reach.</p>]]></content:encoded></item><item><title><![CDATA[So this is what normal feels like]]></title><description><![CDATA[Magic pills are magic. Swallow twice daily along with pride.]]></description><link>https://alistairfairweather.com/p/so-this-is-what-normal-feels-like</link><guid isPermaLink="false">https://alistairfairweather.com/p/so-this-is-what-normal-feels-like</guid><dc:creator><![CDATA[Alistair]]></dc:creator><pubDate>Sat, 02 May 2026 10:07:33 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!xp_o!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4489e769-507f-4eef-9a1c-923dfffbb7ed_1536x1024.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!xp_o!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4489e769-507f-4eef-9a1c-923dfffbb7ed_1536x1024.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!xp_o!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4489e769-507f-4eef-9a1c-923dfffbb7ed_1536x1024.png 424w, https://substackcdn.com/image/fetch/$s_!xp_o!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4489e769-507f-4eef-9a1c-923dfffbb7ed_1536x1024.png 848w, https://substackcdn.com/image/fetch/$s_!xp_o!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4489e769-507f-4eef-9a1c-923dfffbb7ed_1536x1024.png 1272w, https://substackcdn.com/image/fetch/$s_!xp_o!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4489e769-507f-4eef-9a1c-923dfffbb7ed_1536x1024.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!xp_o!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4489e769-507f-4eef-9a1c-923dfffbb7ed_1536x1024.png" width="1456" height="971" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4489e769-507f-4eef-9a1c-923dfffbb7ed_1536x1024.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:971,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:1903996,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://alistair159500.substack.com/i/196204449?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4489e769-507f-4eef-9a1c-923dfffbb7ed_1536x1024.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!xp_o!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4489e769-507f-4eef-9a1c-923dfffbb7ed_1536x1024.png 424w, https://substackcdn.com/image/fetch/$s_!xp_o!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4489e769-507f-4eef-9a1c-923dfffbb7ed_1536x1024.png 848w, https://substackcdn.com/image/fetch/$s_!xp_o!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4489e769-507f-4eef-9a1c-923dfffbb7ed_1536x1024.png 1272w, https://substackcdn.com/image/fetch/$s_!xp_o!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4489e769-507f-4eef-9a1c-923dfffbb7ed_1536x1024.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>At Christmas a year or two ago, an older member of my extended family noticed my belly had begun to gently stretch the buttons on my shirt. &#8220;You&#8217;re becoming corpulent!&#8221; he said. I nodded, mortified. &#8220;Smaller portions,&#8221; he intoned firmly, as if eating less was the easiest task in the world. He&#8217;s an unfailingly kind person, and so I don&#8217;t hold it against him. But the moment illustrates the way many people struggle to understand why we don&#8217;t all just pull ourselves together rather than giving into gluttony.</p><p>Most of us spend our lives chasing ideals. My <em>b&#234;te noire</em> is self discipline &#8211; the idea that if only I was less flaky and fearful, less scatterbrained, less weak-willed, I would be able to live up to my own expectations. I would feel comfortable, serene, like I belong in the room. We&#8217;ve all experienced being out of our depth. For me that feeling can fester for weeks and months at a time, even in domains where I am an acknowledged expert.</p><p>Over three decades of adulthood I&#8217;ve developed coping mechanisms that keep me from wallowing in self pity or freezing up in existential terror (well, most days at least). I&#8217;m exceptionally lucky in that I can afford both psychological and psychiatric care, as well as medications that help a great deal. Above all I have a supportive spouse and a close-knit, loving family.</p><p>There are few words more annoying than &#8220;neurodivergent&#8221;, but unfortunately this ugly neologism applies to me. My brain has trouble regulating neurotransmitters in general and dopamine in particular. When the molecule responsible for signalling rewards is faulty, &#8220;just stopping&#8221; can be an emotional struggle.</p><p>So now, when it comes to eating, I&#8217;m cheating. Instead of losing weight the morally correct way, I am taking the magic pills. The thing is, I am out of time. I have two daughters under six and I want to be present when they reach whatever traditional milestones remain by 2047 &#8211; at which point I will be 69 years old. There are no guarantees, but a BMI over 30 and a waist larger than 102 cm will make living past 70 a dicey prospect.</p><p>Said magic pills are working, but also have an unexpected positive side-effect: I understand what &#8220;normal&#8221; feels like for the first time in my life.</p><p>My little family eats takeaways on Friday nights. In the past, I&#8217;d have no trouble polishing off a pizza on my own and would be hard pressed to stop halfway, regardless of my best intentions. But since I started the pills, I can stop at half a pizza without a moment&#8217;s mental discomfort. My stomach&#8217;s warning that it is full is no longer swamped by the urge to soothe myself.</p><p>The thing is, no matter how valid my justifications, the niggling sense that I am taking a dishonourable short cut sticks with me. I put it down, at least in part, to the strong northern European ethos embedded in my culture and my genes. One hundred thousand years of breeding has selected for traits that eschew &#8220;cheating&#8221; in favour of doing things properly, and that hold up forbearance as one of the primary virtues.</p><p>I know I am responsible for my weight. The problem is the remedy I used to choose &#8211; to just be less flawed. I persisted for decades in imagining that I would eventually become someone else, someone stronger, someone better.</p><p>And I&#8217;m certain there are other approaches that would yield the same results over time. Meditation springs to mind, as does intensive therapy. If feelings make me overeat, probably a good idea to tackle the feelings, yes? By taking this sinful short cut, I am neglecting the straight and narrow path that truly cures me. Better Alistair is right around that next corner &#8211; this time for real.</p><p>Right now though, regardless of whether I&#8217;m cheating or not, being able to just stop doing something pleasurable halfway through feels like a revelation. As I understand it, this is how people without dopamine enthusiasm live every day of their lives. In all my years of taking psychiatric medication, I have never encountered this feeling before. It feels like a superpower.</p><p>I won&#8217;t name the medication I&#8217;m on, not because I&#8217;m ashamed, but because it feels ethically icky for me to be promoting a drug, even unintentionally. I will say that it&#8217;s not a GLP-1 agonist drug like Ozempic. Instead it acts on the brain&#8217;s dopaminergic systems to blunt the intensity of the reward signals triggered by eating. That gives the body a chance to signal satiety earlier and more urgently. It&#8217;s a neat trick &#8211; and it is working extremely well in my case.</p><p>I have decided I am secondary in this equation. I&#8217;ve had my shot at making a dent in the world and I am now living primarily for my daughters. I have enjoyed (and regretted) long stretches of selfishness in my life. Thankfully nature has won out over self regard. My own happiness still matters, of course; I&#8217;m not a martyr to parenthood. But if I have to do things I find uncomfortable or embarrassing to make my girls&#8217; lives better, I&#8217;m going to do them, without hesitation. As we say in Narcotics Anonymous, I have not seen the light, I have felt the heat.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://alistairfairweather.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://alistairfairweather.com/subscribe?"><span>Subscribe now</span></a></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://alistairfairweather.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Fairweather! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p>]]></content:encoded></item></channel></rss>