"That randomness naturally leads to streaks contradicts people's intuition." Leonard Mlodinow As luck (or, perhaps, random chance would have it), I was just in the process of finishing Leonard Mlodinow's excellent book, "The Drunkard's Walk: How Randomness Rules Our Lives," when I came upon this article written by him in today's Wall Street Journal. It [...]
A Lesson in Unlearning from Peter Bernstein
June 15, 2009 By Leave a Comment
“We simply do not know what the future holds.” — Peter Bernstein Peter Bernstein, a best-selling author and risk management pioneer, passed away earlier this month. On Saturday, the Wall Street Journal ran a nice remembrance. I especially liked the final paragraph which read: “Asked in 2004 to name the most important lesson he had [...]
Unlearn the Interview
May 28, 2009 By Leave a Comment
You are about to make an important hiring decision, and it is almost time for the all-important face-to-face interview. If you could only ask one of the following ten questions, which would you choose: 1. Why should I hire you? 2. What do you see yourself doing five years from now? 3. What do you [...]
Unlearning Mortgages
September 22, 2008 By Leave a Comment
Like so many other investors, the past week has my head spinning with the latest news of a massive government bail out of yet another distressed industry. There is, undoubtedly, a great deal of blame to go around but I think most people would agree that at the bottom of the crisis is a boat-load [...]
