“Imagination is more important than knowledge.” – Albert Einstein
Monthly archives of “September 2015”
Accepting Idiosyncratic Portfolios
Establishing and maintaining an unconventional investment profile requires acceptance of uncomfortably idiosyncratic portfolios, which frequently appear downright imprudent in the eyes of conventional wisdom.
Smart People
It doesn’t make sense to hire smart people and then tell them what to do; we hire smart people so they can tell us what to do.
Knowledge vs Action
Investment Performance
Doing Something That People Said Would Never Be Done
The greatest pleasure I’ve had is to try to do something that people said would never be done.
Gold Rush Genius
Subtractive Epistemology
The most robust contribution to knowledge consists in removing what we think is wrong—subtractive epistemology.