Hunting Ground


Circle of Competence, Environment, Opportunity Cost, Risk, Strategy

Hunting Groundhʌntɪŋ ɡraʊnd/nouna place likely to be a fruitful source of something desired or sought. Imagine if you’re going on a fishing trip, what do you need? You need a location, fishing rods, reels, lures, etc. That’s the plan. But a plan doesn’t equal success. You might catch some fish if you’re lucky, but you’re […]

April 19, 2020

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 […]

January 2, 2019