Gambler's fallacy is a cognitive bias that can lower your investing returns. You'll also hear it explained with recency bias and hot hand fallacy.
Category: Mental Models
If you don't prepare yourself financially, you might not be able to help others. This a big money mistake that prevents financial freedom.
Fractional reserve banking is a system where banks use lending to create money. Here's how it works, an example and a brief history.
About a century ago, Rockefeller was the wealthiest American to ever live. Not Jeff Bezos, Bill Gates or Warren Buffett.
Ender's Game is my favorite book. I read it about 10 years ago and picked it up again in 2020. It’s packed with useful lessons.
I’ve fine-tuned how to submit a guest post without getting rejected. These are time-tested writing and blogger outreach techniques.
Warren Buffett has said diversification is protection against ignorance. And he’s right! But his actions show that he accepts his ignorance. You can learn a lot by listening to …
I first encountered mosaic theory when studying for the CFA exams. It’s a useful technique for collecting information and making better investment decisions. Knowing the logic behind it can …
The path to financial freedom is simple with the right plan. You can boost your savings rate, collect a bigger paycheck, and invest your growing nest egg.
I’ve been blogging for a while but haven’t given you a good introduction. So today, here are some highlights from my story…