In this recent conversation between Tyler Cowen and Peter Thiel, Cowen asks the billionaire start-up investor what kind of talent is underrated: “It’s difficult to reduce [talent] to any single traits, because a lot of what you’re looking for are these Zen-like opposites. You want people who are both really stubborn and really open-minded. You […]
Be Bold, Presumptuous and Stop Caring About What Others Think
A reader recently referred me to this project to break into the top 250 table tennis players in the UK in one year. What happened? He failed. In his own words: “The challenge ended a week ago and I am still nowhere near the top 250. I wasn’t even good enough to get an official […]
Why do Engineers Think They’ll Be Good at Picking Stocks?
I’ve met a lot of engineers who have become fascinated with investing in the stock market. Except it’s usually not straightforward index investing (which is probably the main thing non-professionals should be investing in) but something convoluted involving a lot of math, options and stock picking. Anyone who studies finance or economics probably understands why […]
Choose: Growth or Consistency
People like to profess the virtue of ideas that are incompatible with each other. “Look before you leap,” yet, “he who hesitates is lost.” Sometimes these contradictions contain a more nuanced explanation. I believe that learning things spaced over time results in greater retention, yet I do short-term learning projects. But I follow those fast […]