Capital Gains
Learn how to think about finance, economics, and corporate strategy.
Connect
Nobody Knows the True Mix of Luck, Talent, and Effort
If You're Going to Back Decisions With Data, Use Real Data
It All Depends on What You Mean by "The Market"
What do you do When an Asset's Going up Makes the Asset go up?
Does Losing Hurt More Than Winning Helps?
If You're Looking at a Truly Random Sample, You're Either Lucky or Deluded
Retailers, Distributors, and Platforms
Thoughts on business models that don't seem to make perfect sense
On Mortgages, Margin Loans, Milestones, and Multi-Strats
You're Always Solving Multiple Problems at Once
Can Games Accurately Simulate Economic Reality? Should They?
Over The Course of Your Career, More and More of the Value You Create Comes from Connections—Between People and Between Facts
