Compounding is the most powerful force in the universe, to be sure, and nothing compounds like shame.
Your perception of risk is constantly changing, whether you know it’s happening or not
Just because you have a belief or preference, however strongly held, it doesn’t negate those who differ with you.
The notion that the equity prices of smaller capitalisation companies are somehow less efficiently priced than their larger brethren may potentially be stale.
The worst I’ve heard for the failure of active management
Helplessness and the story we tell ourselves about an event are the two most important factors when determining whether someone experiences trauma
Companies are dying faster than they ever have.
Perma-bears seem to enjoy highlighting metrics that have no predictive power for either short or long-term forward equity returns.
We know that it’s likely a sobering thought
Trees don’t grow to the sky, and so betting on that is usually a bad idea.
What does one do after experiencing a 10-year stretch of horrible outperformance
Out of 21,000 venture financings from 2004 to 2014, 65% lost money.
A quantitative approach to investing works well over time is because it negates all of our human foibles.
If you have such a fantastic process, why have you trailed the market over every trailing period for the last ten years?
You wanna see manipulation look at the FAANG stocks
Sociologists are the great notetakers of the social sciences.
Drew, Gould, and Fisk now had $7,000,000 of Vanderbilt’s money- which they had prudently converted to greenbacks, draining New York of much of its money supply and causing short-term interest rates to rise sharply.