Deduction – Perpetual Prudence

I’ve talked a bit about how to arrive at ideas. We have come across two techniques: induction, in which one

A Quick Post on Deduction

As we discovered in a previous post, inductive reasoning has its flaws. Mostly these arise because we are vulnerable to

At the beginning of Part III of Keynes’s A Treatise on Probability he quotes the anti-inductive argument made by Hume

Active asset management largely doesn’t work. Most managers do not beat the market and most investors would probably be better