Rational investing for financial independence
The models that dominate all human decision-making today are duly heavy on simplistic logic, and light on magic – a spreadsheet leaves no room for miracles. But what if this approach is wrong? What if, in our quest to recreate the certainty of the laws of physics, we are now too eager to impose the same consistency and certainty in
Continue reading
Fragile – handle with care: Fragile is defined as an object easily broken or damaged. When you order something online that is fragile it most likely is labelled as “handle with care”. The reason is pretty obvious: it can’t sustain shocks, knocks, beating or being dropped to the ground. It easily breaks apart. The opposite is antifragile: Antifragile – do
Continue reading
Family businesses are all around us: the local pizza-shop on the corner, the auto dealership, the small local newspaper or your web-domain provider. They are all most likely run and owned by the founder or a small group of people – often a family. These owners have a real passion for their business and are not afraid of working outside
Continue reading
The word scalable is in Merriam-Webster defined like this: 1 : capable of being scaled 2 : capable of being easily expanded or upgraded on demand // a scalable computer network The media loves a good story of someone who has disrupted an industry or made a fortune doing something unique. An article in the Boston Globe caught my
Continue reading
I reread all of Nassim Nicholas Taleb’s books in October 2019 (except The Bed of Procrustes, which I have not ordered yet). I strongly recommend all his books, both for insights in your “everyday” life or “trading/investment” life. His books have made a huge impact on how I view the world and how I invest. While reading I wrote down
Continue reading