On the costs (or lack thereof) of being wrong about the future.
Behavioral Finance/Psychology
The Red Queen of Investing
On the investor’s arms race and why this means that investing will never get easier.
Losing Dollars vs. Losing Percentages
On the difference between dollar losses and percentage losses and why direct experience is irreplaceable for you as an investor.
Are Smarter People Better Investors?
Do smarter people make better investors? In this piece I examine the data as to whether intelligence is predictive of investment success.
Being Wrong When You Get It Right
Have you ever been right about something when everyone else was wrong? This post discusses the difficulties of investing and being wrong when you are right.
Not Efficient, But Effective
When it comes to communication, personal finances, and even war, sometimes the most efficient solution is not the most effective.
Losing More Than a Bet
An eerie coincidence occurs the first time I ever attempt to write about my family’s history with gambling.
Just One More
I have been drinking alcohol since I was 14 years old. Then I quit cold turkey. Here’s why.
We All Make Mistakes
Even the world’s best investors are not immune from making mistakes. Come find out why.
Beware the Gatekeeper
Confirmation bias is one of the most powerful human biases. A story from my personal life illustrates why.