Magnitude Matters

Most people seem to think within the framework of a supposed "law of conservation of effort and reward" (LCER) and its corollary ...

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

L et's compare two general methods of improvement:  Truncating the left tail so as to eliminate the undesired portion of the distributio...

One way to categorize investments would be dynamic assets like stocks and bonds and static assets like commodities and art.  Investment taxo...

Years ago I'm sitting in a San Francisco coffee shop with my wife enjoying breakfast. Without trying to or really wanting to we can easi...

The Fixed Window Fallacy is an error in reasoning whereby people believe they know or can know what is nice/preferred/optimal. This line of ...