How to Manage Luck and Skill

Luck and skill in investing are easy to name and hard to separate. In this companion piece to the latest Sweat Your Assets podcast and YouTube episode, Michael Mauboussin offers a simple test to locate any activity on the continuum between pure chance and pure skill,...

The Pale Blue Dot: A Compass for Chaotic Times

In 1990, a spacecraft at the edge of the solar system turned its camera back toward Earth and captured, from 6 billion kilometres away, almost nothing: a pale blue dot, less than a pixel, adrift in darkness. The astronomer and writer Carl Sagan had spent years...

The Spectrum of Mindsets: How We Meet Reality

This article explores the spectrum of human mindsets as I’ve encountered them through reading and lived experience.  From optimism to courage, realism, and acceptance, I explore how each of these lenses influences our agency and decision-making. From the Law of...

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