When you realize the magnitude of happenstance and serendipity in your life, you can stop judging yourself on your outcomes and start focusing on your efforts
Quantifying good advice can be difficult because there are no counterfactuals.
Historical risks you can study are dwarfed by risks you actually experience.
Conviction is relatively easy to define, but complicated to evaluate because it represents the convergence of portfolio construction decisions and investment outcomes.
Wait, you bought Bitcoin before you bought stocks?!
I would argue that a smart beta process probably has more impact on price discovery than a flat, buy‑everything indexing strategy.
With Dave Nadig and Paul Kovarsky
Spotify could be the next horseman.
Since mid-March, the S&P 500 Energy sector is up close to 15% while the S&P 500 is down less than 1%.
Some advisors are afraid to lose business, so they indulge any investment whims clients have.
It’s easy to pick a future loser by choosing current winners
Becky Hammon can coach NBA basketball. Period.
Anyone that doesn’t believe that most of life is learning from your failures just doesn’t quite get it.
With Ted Seides and Paul Black
There’s a linear relationship between effort and outcome in private markets.
With Patrick O’Shaughnessy and Jason Karp
Community adjusted EBITDA. Sure, why not?
Michael needed everything that Scottie was
With Bill Simmons and David Griffin
My first recommendation was to short Baldwin United.
With Barry Ritholtz and Jim Chanos
Disneyland will never be completed. It will continue to grow as long as there is imagination left in the world.