The opposite of fragility isn’t robustness, but antifragility. This post summarizes one of my all-time favorite investing books.
The two most common methods of investing fresh capital are lump sum investing and dollar cost averaging (DCA). This post explores a third approach called value averaging.
Robert Shiller called it “irrational exuberance.” John Maynard Keynes called it “animal spirits.” John Coates, the author of The Hour Between Dog and Wolf, explains how testosterone and cortisol are the yin and yang of market sentiment.
The difference between compound and average returns is called the volatility tax. This post shows the historical volatility tax for major asset classes.