Intelligence Is Over-Rated
22 December 2020
Or Why Smart Money = Dumb Money.
Or Why Smart Money = Dumb Money.
On Overconfidence.
On exponential growth bias and three art books
Because, at the end of the day, it’s not just the size of returns and profits that matter but also who owns them.
Proliferating asset classes can be the product of clever marketing more than of fundamental differences.