Computational Irreducibility
Even in a fully deterministic dynamic system, if you have enough variables that are irreducible, you will be unable to predict future states of the system because the rate of
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True Wealth
Anyone can buy things. All you need is some money. But you can’t buy a skill. You have to develop skills over time through hard work. One might say, “but
Minority Opinion – Blog Post 0032
Just because your opinion or view is in the minority, doesn’t mean its wrong or that you’re insane. In fact, most people have no opinions or views of their own.
Hedonic Adaptation – Blog Post 0031
The reason that many wealthy people become miserable over time is because their money allows them to access scarce resources at a high frequency. Special occasions become frequent occasions and
Objective Reality – Blog Post 0030
The whole of objective reality cannot be measured or experienced at any given point in time by any single individual. It can, however, be sliced together through time to get
The Zero-Sum Game – Blog Post 0029
There’s a unique property to finance and financial assets that many people don’t truly grasp. Finance is a zero-sum game. Someone has to lose in order for someone else to
Broad Views on Markets Part 1 – Blog Post 0028
Point 1 – Markets are Complex and Therefore Unpredictable Markets are not complicated but instead extremely complex. This is an important distinction and one that should not to be taken
The Downside of Technology – Blog Post 0027
Staring at screens all day long. Is this what we’ve all been working towards? Is this the height of human civilization and our technological sophistication? From your phone screen to
Meritless Pride – Blog Post 0026
A big mistake that people make is deriving their self-esteem and self-worth from the actions of others. This pride is a meritless pride. It is the pride of being Irish
Building Models and Developing Strategies for Finance and for Life – Blog Post 0025
What is a Model? A good model is a simplified but accurate representation of reality that can help us to better understand reality and to develop effective ways (strategies) of
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