Interesting Articles

Going Critical – Kevin Simler, Melting Asphalt (May 2019)
Commentary on Capex Cycles & Return on Capital – Orbis International Equity (Mar 2019)
Stock prices & r* – Eric Lonergan, Philosophy of Money (Feb 2019)

An Evolve-or-Die Moment for the World’s Great Investors – Adam Seessel, Fortune (Nov 2018)

Private Equity: Overvalued and Overrated? – American Affairs, (Volume II Spring 2018)

The Problem with Prescriptive “Rationality” in Economics – Mises Institute (Oct 2018)

‘Made in China 2025’: How Beijing is boosting its semiconductor industry – SCMP (Sep 2018)

Paul Singer, Doomsday Investor – Sheelah Kolhatkar, The New Yorker (Aug 2018)

China’s Empire of Money Is Reshaping Global Trade – Bloomberg (Aug 2018)

What is Water in Markets? – Artemis Capital (Jul 2018)

What Economists Still Don’t Get About the 2008 Crisis – Noah Smith, Bloomberg (Jul 2018)

Is it time to worry that the boom in global megacity housing prices could turn into a bust with a potential contagion across the global economy? – 13D Research (Jun 2018)

Rising corporate debt: Peril or promise? – McKinsey (Jun 2018)

Stanley Druckenmiller’s Big Mistake – Michael Batnick, Irrelevant Investor (May 2018)

Tech’s Two Philosophies – Stratechery (May 2018)

Rulers of the world: read Karl Marx! – The Economist (May 2018)

The Gambler Who Cracked the Horse-Racing Code – Kit Chellel, Bloomberg (May 2018)

Tail Risk: Who’s Afraid of King Kong? – Paul Kovarsky, CFA Enterprising Investor (Apr 2018)

Economists understand little about causes of growth – The Economist (Apr 2018)

Can Quantamental Save Active Investing? – Alan Bochman, CFA Enterprising Investor (Apr 2018)

A Sixth Sense For Biotech Has Made Joe Edelman A Hedge Fund Star – Forbes (Apr 2018)

How Can Active Investors Survive in a Passive World? Get Small – Sarah Ponczek, Bloomberg (Mar 2018)

If We Don’t Believe Markets are “Efficient”, What Do We Believe? – Winton (Mar 2018)

Is balance of trust shifting from political to social? – Peter Ho, Straits Times (Feb 2018)

The Rising Speed of Technological Adoption – Jeff Desjardins, VisualCapitalist (Feb 2018)

Reading Between the Lines – Winton (Jan 2018)

Jim Simons, The Numbers King – D.T. Max, The New Yorker (Dec 2017)

The Opium Wars still shape China’s view of the West – The Economist (Dec 2017)

Controlling machine-learning algorithms and their biases – McKinsey (Nov 2017)

Well You Did Ask… – Highly Evolved Vol (Nov 2017)

Lazard Research on Smart Beta – AllAboutAlpha (Nov 2017)

The Value of Self-Awareness – Jim Ware, CFA Enterprising Investor

The Importance of Having Struggle in our Daily Lives – Beau Albrecht (Sep 2017)

Russell Napier, ASIP: 21 Lessons from History – Ron Rimkus, CFA Enterprising Investor (Aug 2017)

Situational Awareness: Investment Perspective Intensified – Diane Harrison, AllAboutAlpha (Aug 2017)

Dalio’s Quest to Outlive Himself – K.Burton & S. Kishan, Bloomberg (Aug 2017)

AQR On The 10th Anniversary Of The Quant Crash – Cliff Asness, ValueWalk (Aug 2017)

AQR Goes Back 120 Years To Look At Market Trends – Mark Melin, ValueWalk (Jun 2017)

Why do asset prices move? – Eric Lonergan, Philosophy of Money (Apr 2017)

The Math explaining Active Manager Futility – Oliver Renick, Bloomberg (Apr 2017)

The History of the Modern International Monetary System – Winton (Mar 2017)

Populism: The Phenomenon – Bridgewater Associates (Mar 2017)

The lessons of violence and inequality through the ages – The Economist (Mar 2017)

Where companies with a long-term view outperform their peers – McKinsey (Feb 2017)

The Curse of the ETF Tourist – Janus Henderson (Feb 2017)

Why Innovators Should Study the Rise & Fall of the Venetians – Piero Formica, HBR (Jan 2017)

A Better Theory to Explain Financial Bubbles – Noah Smith, Bloomberg (Dec 2016)

Sell-side share analysis is wrong – The Economist (Dec 2016)

Inside a Moneymaking Machine Like No Other – Katherine Burton, Bloomberg (Nov 2016)

The psychology of superstitions, explained – Brian Resnick (Oct 2016)

Passive Investing Is Worse for Society Than Marxism – Luke Kawa, Bloomberg (Aug 2016)

Buttonwood: Living off the people – The Economist (May 2016)

Why Garbagemen Should Earn More Than Bankers –  Rutger Bregman (Apr 2016)

Dennis Rodman & the Art of Portfolio Optimization – Artemis Capital (Apr 2016)

Active vs. Passive Investing & the “Suckers at the Poker Table” Fallacy – Druce Vertes, CFA Enterprising Investor (Feb 2016)

“Price is a liar” – Corey Hoffstein, Flirting with Models (Oct 2015)

The Prospect of Value Investing in China – Li Lu at Peking University (Oct 2015)

The Disintegration of the World – Chrystia Freeland (May 2015)

The Downfall of John Taylor – Leanna Orr, AiCIO (Dec 2013)

Michael Mauboussin on the Santa Fe Institute and Complex Adaptive Systems – Elliot Turner, Compounding My Interests (Nov 2013)

Too Big To Succeed – Rob Arnott, Research Affiliates (Jun 2010)

Guru Grades – CXO Advisory Group

The ‘Sell-Side’ Warp: Why Some Analysts Are Reluctant To Sound Negative – Conrad De Aenlle, The New York Times (Sep 2000)


Perspectives on Risk – Euan Sinclair (Apr 2019)

The Coffee Can Portfolio & 100-Baggers – Chris Mayer (Jan 2019)

A Test of Conviction: Julian Robertson & the Crash of 1987 – Insecurity Analysis (Dec 2018)

We’re Doing It Wrong – Ben Hunt, Epsilon Theory (Dec 2018)

Systemized & Computerized Decision Making – Ray Dalio, LinkedIn (Nov 2018)

One Expert’s Opinion – Jamie Catherwood, Medium (Nov 2018)

Out With Outliers – Hull Tactical (Nov 2018)

Taking Investment Teams from Good to Great – Michael Falk, CFA Enterprising Investor (Oct 2018)

How Jim Chanos Uses Cynicism, Chutzpah – and a Secret Twitter Account – to Take on Markets – Institutional Investor (Sep 2018)

Tips for Aspiring Portfolio Managers – Clare Flynn Levy, CFA Enterprising Investor (Aug 2018)

How to Read Financial News – Robert Martorana, CFA Enterprising Investor (Aug 2018)

The Kelly Criterion: You Don’t Know the Half of It – Alon Bochman, CFA Enterprising Investor (Jun 2018)

The Psychology of Money – Morgan Housel (Jun 2018)

Prudence In Owning Outstanding Companies Is Not Necessarily About Buying Them Cheap – Outlook Business (May 2018)

The five “whys” and investment management – Mark Rzepczynski, Disciplined Systematic Global Macro Views (May 2018)

Horses & Stocks – Albert Bridge Capital (Apr 2018)

“Divergent” & “Convergent” Strategies – Mark Rzepczynski, Disciplined Systematic Global Macro Views (Apr 2018)

The Difference between Great Traders & Good Traders: The Art of Totis Porcis – Macro Ops (Apr 2018)

High Quality Trading is Episodic, Not Continuous – Macro Ops (Mar 2018)

The Volatility Tax – Mark Spitznagel, Universa Investments (Feb 2018)

Words From the Wise: An AQR Interview with Ed Thorp – AQR (Jan 2018)

An analytics approach to debiasing asset-management decisions – McKinsey (Dec 2017)

5 Lessons From Barton Biggs – Valuewalk (Dec 2017)

Lessons from a Trading Great: Ed Thorp – Macro Ops (Nov 2017)

Mark Sellers on Becoming A Great Investor – Macro Ops (Oct 2017)

Speculation in a Truth Chamber – Philosophical Economics (Aug 2017)

History, linear thinking, and addressing market noise – Mark Rzepczynski, Disciplined Systematic Global Macro Views (Aug 2017)

Investors Reveal The Key To Successful Shorting – Rupert Hargreaves, ValueWalk (Aug 2017)

Risk Management the US Marine Corp Way – Mark Rzepczynski, Disciplined Systematic Global Macro Views (Aug 2017)

25 Timeless Investing Lessons From Seth Klarman – ValueWalk (Aug 2017)

What I Believe Most – Morgan Housel (Jul 2017)

Stanley Druckenmiller on Liquidity, Macro & Margins – Macro Ops (Jun 2017)

Artificial Intelligence for Investing – Andrew Dassori, CFA Enterprising Investor (May 2017)

Revenge of the Humans: How Discretionary Managers Can Crush Systematics – Leigh Drogen, Estimize (May 2017)

What Is Your Investing Edge? – John Huber, AAII (May 2017)

A Short Guide to Short Selling – Scott Fearon (Apr 2017)

Expected Value & Bayesian Analysis in Trading – Macro Ops (Feb 2017)

The Playing Field – Graham Duncan (Jan 2017)

Lessons from a Trading Great: Stanley Druckenmiller – Macro Ops (Dec 2016)

Lessons from a Legendary Short Seller – Greg Blotnick, CFA Enterprising Investor (Dec 2016)

The 3 Pillars of Trading Performance – Macro Ops (Aug 2016)

Richard Chandler: Few Bets, Big Bets – Off-Piste Investing (Sep 2016)

Global macro investing – A simple framework – Mark Rzepczynski, Disciplined Systematic Global Macro Views (Sep 2016)

Howard Marks: Take Investing to Next Level – Barron’s Asia (Sep 2015)

A Game of Sentiment – Ben Hunt, Epsilon Theory (Nov 2013)

Positive Expectation, Scenario Gaming, And Moving Beyond Certainty – Mercenary Trader (Jul 2013)

3 Steps to Implement Charlie Munger’s Principle of Inversion – GrizzlyRock Capital, (Nov 2012)

The Gospel According to Barton Biggs – Doug Kass, TheStreet (May 2012)

The Zurich Axioms – Barry Ritholtz (Feb 2011)

Hedge Fund Analyst Checklist – Meb Faber (Jan 2011)

On the Importance of Investment Themes – Mercenary Trader, SeekingAlpha (Jan 2011)

George Soros on Market Bubbles – Mercenary Trader, SeekingAlpha (Nov 2010)

Contrarian Investing Lessons From the Poker Table – Mercenary Trader, Seeking Alpha (Nov 2010)

Cats and the Black Plague – Holle Abee, Owlcation (Feb 2010

Bob Farrell’s 10 Rules for Investing – Barry Ritholtz (Aug 2008)

Secrets of Sovereign – Institutional Investor (Mar 2006)

Caxton’s 20th Anniversary Speech – Bruce Kovner (Sep 2003)

Fashions in Forecasting – Alfred Winslow Jones


The Peculiar Blindness of Experts – David Epstein, The Atlantic (Jun 2019)

30 One-Sentence Stories From People Who Have Built Better Habits – James Clear

How To Achieve More In A Single Year Than Most Achieve In A Lifetime – George Ziogas (Dec 2018)

How Elon Musk Learns Faster & Better Than Everyone Else – Michael Simmons (Dec 2018)

5 Mindset Shifts That Will Help You Become a Decision-Making Samurai – Alexie Basil (Aug 2018)

Research: To Get People to Embrace Change, Emphasize What Will Stay the Same – HBR (Aug 2018)

How to Focus on What’s Important, Not Just What’s Urgent – HBR (Jul 2018)

Mental Models, Dragonfloxes, and How to Think Real Good – Charles Chu, Medium (May 2018)

The leadership journey of Abraham Lincoln – Nancy Koehn, McKinsey Quarterly (May 2018)

3 Ancient Samurai Secrets that Will Get You On the Path to Higher Living – B.Williams, Goalcast (Mar 2018)

The Expert Generalist – Zat Rana, Medium (Mar 2018)

In search of a better stretch target – McKinsey (Nov 2017)

How to be Rational about Rationality – Nassim Nicholas Taleb (Aug 2017)

What the Best Transformational Leaders Do – Anthony & Schwartz, HBR (May 2017)

Is Consciousness Fractal? – Jordana Cepelewicz, Nautilus (May 2017)

Why you think you’re getting worse – Adam Grimes (Apr 2017)

How to use the Feynman Technique to Learn Faster – Thomas Frank, (Feb 2017)

Growth Without Goals – Investor Field Guide (Aug 2016)

7 Habits That May Actually Change The Brain, According to Science – Alice Walton, Forbes (Apr 2016)

The Eisenhower Decision Matrix – Brett & Kate McKay, (Oct 2013)

Develop Perfect Memory With the Memory Palace Technique – Litemind

How to Use Military Strategy to Build Better Habits – James Clear

Theodore Roosevelt’s 20 Key Elements of Leadership – James Strock

Leonard Mlodinow: The Three Laws of Probability – Farnam Street

How a Decision Journal Changed the Way I Make Decisions – Farnam Street

Go Fast and Break Things – Farnam Street

Creating a Latticework of Mental Models: An Introduction – Farnam Street

Bruce Lee’s Never-Before-Seen Writings on Willpower, Emotion, Reason, Memory, Imagination, and Confidence – Maria Popova, Brainpickings

The Bushido Code: The Eight Virtues of the Samurai – Brett & Kate McKay, (Sep 2008)

What You Can’t Say – Paul Graham (Jan 2004)