Too much tariff analysis is faulty — Basing investment analysis on insufficient data is dangerous.

The markets are too complex to simulate. Engineering research provides us with useful workarounds.

Due to data limitations, AI is unlikely to “solve the markets” anytime soon.

The best way to learn AI is to use it. I am building an investment analyst.

Investors must do their own work. Knowing your LLM will be required when using AI.

AI achieving human-level intelligence will require an ability to evaluate.

How I earned at 24,000,000,000% IRR in the 2021 crypto craze.

Capital allocation is a key focus for investors; more important is employee time allocation.

The fear of failure is fake. The fear of embarrassment, and its emotion, shame, thwart success.

Time is a critical factor in our lives but is often ignored.

The art & science of investment allocating.

VIEW AS PDF We fall in love with our stocks — Embracing bias is better than fighting natural instinct — Numerous benefits accrue to...

In a zero discount rate world, companies rationally pursue market domination. High discount rates mark the end of this paradigm.

Investing in “picks & shovels” is the same as investing directly in a mania.

The language we use shapes our thinking. Active managers reveal their true investment styles with their written and spoken words.