Callum Roberts, author and marine conservation biologist, describes shifting baselines as: …intergenerational changes in how we perceive our world. Each generation sets its mental benchmark of normality by how the world looked when first encountered, often in youth, and sees cha…
An increasingly prevalent model for growth, especially in the tech / startup world, is: Spend (and lose) a lot of money to buy users Monopolize the mar…
The Hang Seng Tech index in Hong Kong has declined 40% in the past six months. This is greater than the S&P 500 drawdown of 32% in March 2020, when fea…
Cash and "market timing"
Taking another look at Yelp
The endowment effect, commitment bias and a brief example
More thoughts on #neversell and the market
Common sense or speculation?
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