15 Investing Lessons

Circle of Competence, Decision Making, Expected Value, Filter, Investment Process, Opportunity Cost, Portfolio, Probability, Psychology, Risk

1. Experience may not be a good teacher Most elderly who died in Hurricane Katrina dies not because of their health, but because of confidence and denial. They have survived several hurricanes over their lifetime, so they believe Hurricane Katrina is no exception. Experience can create a close attitude that prevents us from seeing things […]

3 Filters Against Folly


If you want to lead a healthy life, it is easier to avoid eating junk food than trying to get rid of them after they enter the body. The latter requires more effort. Prevention is the best defense. The same is for the mind. To think well, it is best to avoid bad information since […]