Understand how you invest. It helps with risk management
We can see the edges of the future and it looks pretty good.
Niche markets are easier to understand and more predictable
Knowing what is possible is a beginning to understanding how the world works.
Models help you understand a problem They are a summary of the implications of what you know.
Have you rationalized whether wealth is good or bad? we know it doesn’t last.
The biggest risk factor is you
You cannot wish risk away.
Jared Dillian supplied an interesting article on the 23rd. He offered three clear commonalities found in the great investors. 1) They are super-smart If you listen to Buffet, Munger, Dalio, or Soros, you will get the idea. They have amazingly wide understanding of how… Continue Reading “How Are Great Investors Different?”
Pay attention to how facts fit into a bigger structure.