Ideas from books, articles & podcasts.
The tail-end consequences of an action or event (those with low-probability, high-impact) are all that matter.
In investing, the average consequences of risk make up most of the daily news headlines. But the tail-end consequences of risk (for example, pandemics and depressions) are what make the pages of history books.
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The first two are easy to understand. It’s the third that’s hardest to learn, and can often only be learned through experi...
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What do you do when you feel stressed or worried? Do you vent to anyone who will listen? Or do you calmly jot down your thoughts in a journal? For many people, the answer is probably the former. For some, venting may lead to a cathartic release of emotions.
However, using a journ...
Answering with yes to these questions is the first step to self-improvement:
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