Magnitude Matters

It is important to understand the game you’re actually playing in all endeavors. In stock picking among other areas of active investment man...

Great investing is generally about taking on the right risks and being compensated properly for risks taken. It is primarily NOT about out t...

Much like throwing a pass in football, there are three general outcomes from crypto investing, and two of them are bad. Namely, aside from m...

[ Sister post to The Accountants Can't Make You Rich ; consider this the counterpoint to that post. ]  To understand your business, you...

In business cost per unit may be the ultimate metric. Accountants focus on in decreasing the numerator. Marketers focus on increasing the de...

Over lunch this past week an interesting hypothetical was posed.  Suppose you were offered one of the following, which would you choose:  On...

Imagine being an architect for a couple wanting to build a dream house. Their sentiment and emotions would influence what they asked for, bu...

When friends who are interested in "prepping" ask me about planning for doomsday scenarios, I love the looks on their faces when I...

Steve Landsburg recently asked on his blog for anyone to offer plausible reasons for why cryptocurrency should have any value at all beyond...

Stay invested - Don’t time the market. Timing the market is not just impossible. It is multiplicatively destructive in two ways: bad decisi...

When investing, be careful not to confuse complicated with complex.  My inspiration for this post came from reading this essay by Arnold Kl...