Independence of solitude
For a very, very long time, staying with the group was almost always the safe bet. Free-thinking contrarians who questioned whether there really was…
General
Don’t confuse the weather with the climate
In investing, as in life, experience is usually the best teacher. But it’s still easy to learn the wrong lessons.
The other ninety-eight
There is something deeply triggering about billionaires. Especially those who hold obnoxious political views, post like manic teenagers, or simply come across as insufferable…
Know thyself
As a younger investor, I was convinced there was really only one proper way to invest. Essentially, unless you were investing like Buffett, you…
Another F$#king AI Article
If AI continues to make building systems and writing programs cheaper and easier, we will need a lot fewer developers. In fact, a lot…
The Quiet Compounder
Of the US market's greatest compounders, only six averaged more than 20% a year over their lifetime. Six! But they weren't the ones that…
Abundant Intelligence
Investors keep having the same argument about AI, but it’s the wrong one. There can be a genuine, society-altering technology and a very expensive,…
Pondering Position Sizing
The Kelly Criterion won’t give you the true odds — but it will stop you betting the house on a number you invented.
Siren Songs
Charismatic CEOs make growth sound irresistible — even to seasoned sceptics. The remedy is not cynicism, but facts, weakly held opinions, and the humility…