The Four Most Important Things in Investing

Reading Time: 2 minutes “Investing is the perfect example of a complex problem with no known solution. There are no secrets.” – Nick Magguili (Of Dollars and Data) So what really matters most in the volatile, uncertain and ambiguous environment of investing? Better models? Research? Skilled managers? Access to deals? These things can and do matter, and fortunes have … More The Four Most Important Things in Investing

The Mis-behaving Investor

Reading Time: 4 minutes In finance 101 you learn all about the two types of risk: systematic (market) and non-systematic (idiosyncratic) risk, but conventional teaching tends to ignore a third risk – Behavioral risk, which can be the most important. >> From @danielcrosby ‘s excellent book The Behavioral Investor which provides both a new taxonomy of behavioral biases from … More The Mis-behaving Investor

[Books] Wiser (part 2) – getting past groupthink to better outcomes

Reading Time: 3 minutes Authors Cass Sunstein and Reid Hastie have put together an excellent and readable taxonomy of the “bugs” that can afflict group decision making and cause groups to blunder in their book Wiser. In the first part of this blog I discussed their dissection of the causes of group decision making failure. How can we make … More [Books] Wiser (part 2) – getting past groupthink to better outcomes

[Books] Wiser – how group decisions can let us down

Reading Time: 5 minutes I’m sure you can picture the scene. A group sits down to make a critically important decision. Much discussion follows. One person after another lays out their views, lots of points are made. There are some clear areas of agreement. Nods all round. The answer starts to become clear. With a few changes a consensus … More [Books] Wiser – how group decisions can let us down

One minute guide to real-world AI implementation 

Reading Time: 4 minutes McKinsey just published an excellent and comprehensive paper covering how Artificial Intelligence (AI) can deliver real value for business. tl;dr The only issue – at 80 pages it’s a lot to read. A lot of the use cases focus on retail, energy and education, one angle I find particularly are the read-across of these examples into … More One minute guide to real-world AI implementation