Mined from the mind of the market

May 31, 2015

https://old.ycombinator.com/munger.html “What is elementary, worldly wisdom? Well, the first rule is that you can’t really know anything if you just remember isolated facts and try and bang ’em back. If the facts don’t hang together on a latticework of theory, you don’t have them in a usable form. You’ve got to have models in your […]

March 2, 2013

The 5 levels of risk appetite: Averse Avoidance of risk and uncertainty is a key organisation objective. Minimal Preference for ultra-safe options that are low risk and only have a potential for limited reward. Cautious Preference for safe options that have a low degree of risk and may only have limited potential for reward. Open […]

January 5, 2009

…are those won when we should have stayed on the sidelines instead; they give us a false bravado for fighting when the odds are stacked against us, assuring future loss. – Jon Oropeza