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FREEROLL A situation where there is an asymmetry between the upside and downside because the potential losses are insignificant.
Blank spaces, begging to be filled in with thoughts, with photos, with stories. With what we’re going to do, with what things should or could be like, what we hope will happen. Technology, asking you, prodding you, soliciting talk. Almost universally, the kind of performance we give on social media is positive. It’s more “Let me tell you how well things are going. Look how great I am.” It’s rarely the truth: “I’m scared. I’m struggling. I don’t know.”
Ego Is the Enemy
Ryan Holiday
It seems more natural to think about the attractiveness of stocks relative to inflation‐protected bonds rather than just by considering their expected returns in isolation. For example, if the earnings yield of the stock market were 4% and the real yield on TIPS were also 4%, why would we want to own any equities?
The Missing Billionaires
Victor Haghani and James White
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