SPIDER MAN

Learning a new skill can be tough. Those of us trying to master a new language, learn a musical instrument, or take an online course, will find that when the initial enthusiasm dries up, things move at a snail’s pace.

It’s easy to assume that our brains aren’t capable, but that’s not true. ...

• The odds you will get hit.
• The average consequences of getting hit.
• The tail-end consequences of getting hit.

The first two are easy to understand. It’s the third that’s hardest to learn, and can often only be learned through experi...

In good years in the market, it’s good enough to be average. Everyone makes money in the good years, and I have yet to hear anyone explain convincingly why it’s important to beat the market when the market does well. No, in the good years average is good enough.

There is a time, however, wh...