Sublime

I can afford to not be the greatest investor in the world, but I can’t afford to be a bad one.

The trouble is that low rates indiscriminately encourage long-term projects, while the biggest episodes of wealth creation come from building on a single theme.

More than I want big returns, I want to be financially unbreakable. And if I’m unbreakable I actually think I’ll get the biggest returns, because I’ll be able to stick around long enough for compounding to work wonders.

“What views do you hold almost irrationally?”

This curiosity is about models, frameworks, cultural understandings, disciplines, and methods of thought, the kinds of traits that made John Stuart Mill such a great thinker and writer. A more recent example is Patrick Collison, CEO and co-founder of Stripe (and also an active writer). His content can draw from economics, science, history, Irish cu

Go back to my 20s and at any given point I held something like 25 individual stocks. I don’t know how I did as a stock picker. Did I beat the market? I’m not sure. Like most who try, I didn’t keep a good score. Either way, I’ve shifted my views and now every stock we own is a low-cost index fund.