The Vital Distinction That No One Is Talking About
Most assets can be easily liquidated. This means time horizon is in some way stochastic. This should influence portfolio construction.
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Uncertainty
Statistics Is Useless Part II: The Consequences
Statistics is hard. It’s hard to tell what generating function we are dealing with. And this function can change. We must use what we know via deduction.
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The Best Way to Approach Personal Finance
There are two ways to approach personla finance: bottom-up and top-down. Bottom-up is better, but a bit of a mix is best.
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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.
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