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
The Great Mental Models Volumes One, Two and Three are out. Things are not always as they appear. Often when we solve one problem, we end up unintentionally creating another one that’s even …
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 …