Igor’s rules The UnRule: all theories and all methods have flaws. Nothing can be proved with absolute certainty is, but anything may be disproved, and nothing that can be articulated can be perfect. You only live once. Your time on earth is the only truly irreplaceable resource. If today was my last day, what would … Continue reading The unrules by Igor Tulchinsky, founder and CEO of WorldQuant
Jason Zweig writes The Intelligent Investor column for the Wall Street Journal and is interviewed here by Shane Parish. Lots of useful stuff, starting for me from about min 26 of the podcast onwards, here are my highlights as well as some of my own complimentary thoughts: Financial advice 1. One of the biggest distorting … Continue reading The emotional side of investment decision making with Jason Zweig
Here is a facinating conversation between Shane Parish of Farnam Street and Rory Sutherland, the Vice Chairman of Ogilvy & Mather Group, one of the largest advertising companies in the world. Rory started the behavioral insights team at OM and spends his days applying behavioral economics and evolutionary psychology to solve problems for their clients. The conversation … Continue reading Human behavioural motivations and insights with Rory Sutherland
[Farnam Street Podcast] Philip Tetlock on The Art and Science of Super Forecasting http://podplayer.net/#/?id=24093071 via @PodcastAddict Phil Tetlock forms teams of “super forecasters” who are amazing accurate at predicting the probabilites of real world events, in their case often used to predict the likelihoods of complex real world events for the intelligence community. It has … Continue reading Super Forecasting
Great post for people in the investment field: Farnham Street is an amazing blog dedicated to discussing mental models and they do a great job of explaining the challenges of proximate vs root causes and how to deal with the deductive problems that can occur when we jump to conclusions too quickly. https://www.farnamstreetblog.com/2017/05/proximate-vs-root-causes/ In investments … Continue reading Ask “why?” five times…. Proximate causes vs root causes, Narrative fallacy and Mental Models
A review of decision making literature from UCL on what makes for good decisions in committees is particularly relevant for investment committees: 1. Diversity of participants (functional diversity) with different independent expertise or knowledge makes optimal decision making more likely (finding global rather than local maxima more likely with different starting points for the mathematical … Continue reading Improving decision making in committees
I was listening to a podcast which reminded me of a really interesting counterintuitive truth: we are more creative when we have constraints. People think creativity will happen when “I make enough space in my life and have this perfect zen moment and can unleash my creativity.” But creativity seems to come better when we … Continue reading Creative Constraints
Here's something that inspired me... 