The upside to the degens
The inefficiencies you worry about within the system get solved outside it
A Low Cost of Capital is the Public Sector’s Secret Weapon; a Known Cost of Capital is the Private Sector’s
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
