Sublime
An inspiration engine for ideas
We argue that the cornerstone of modern finance theory, the efficient markets hypothesis (EMH), is self-serving, vacuous nonsense.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
defined contribution
Richard H. Thaler • Nudge: The Final Edition
Effectively all of our net worth is a house, a checking account, and some Vanguard index funds.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
You are buying dependability.
Nassim Nicholas Taleb • Skin in the Game: Hidden Asymmetries in Daily Life
also respect the concept of market efficiency, and I believe strongly that mainstream securities markets can be so efficient that it’s largely a waste of time to work at finding winners there.
Howard Marks, Paul Johnson • The Most Important Thing Illuminated
Markets can remain irrational a lot longer than you and I can remain solvent.