Deduction – Perpetual Prudence

Why We Don’t Know Anything When It Comes to Investing

Retail investing can never really be solved. But we can translate our principles into strategies and tactics to do well.

Deduction, as opposed to induction, is the act of arriving at conclusion bottom-up, by applying logic to axioms. Here we introduce the technique.

Keynes argued against Hume’s perspective on induction. But they were actually talking about slightly different things.

Let’s have a look at the numbers and logic to assess if active management is a good idea.