Humans are special animals when it comes to information, because unlike other species, we have developed an enormous ability to encode large volumes of information outside our bodies. Naively, we can think of this information as the information we encode in books, sheet music, audio recordings, and video. Yet for longer than we have been able to... See more
What has been true for decades that will stop working, but will drag along stubborn adherence because it has such a long track record of success? Value investing will always work but the formulas evolve
The presence of many nice-enough choices without any meaningful way to distinguish among them is a fundamental dysphoria of modern consumerism. Anybody can track in intimate detail how the wealthy and stylish spend their money via social media, and just when you’ve learned exactly what you can’t have, the internet swoops in to offer a look-for-less... See more