The Probability Distribution of the Future
The best colloquial definition of risk may be the following: “Risk means more things can happen than will happen.” We found it through the inimitable Howard Marks, but it’s a quote …
Howard Marks
Second-Order Thinking: What Smart People Use to Outperform
Understanding how to think things through – to push your mind past the first step – can help you solve problems, avoid problems, and take better actions. The best way to examine the …
Developing a Mental Framework for Effective Thinking
Becoming a better thinker means understanding the way you think and developing a way of approaching problems that allows you to see things from multiple lenses. These lenses, or mental models, are …