Investing expertise can be learned
It is only by working at what you can’t do that you turn into the expert you want to become.
Month: July 2021
The danger of investing in companies in an oligopoly
A slowdown in business dynamism means that entrenched firms have less to fear from upstarts
What to make of declining bond yields
The investor does not have to be an expert in macro-economic theory.
The danger of specious correlation
It is mathematically inevitable that highly intelligent women will marry husbands who on average will be less intelligent than they are.
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