Sublime

how professional money managers’ ability to create alpha is exceedingly rare, and what few of these managers there are, you likely will never meet them, as they will choose to raise capital only from the most desirable LPs

Sam had no talent for coding—the two closest friends he’d made at MIT were both coders, but he still couldn’t tell a good coder from a bad coder. About trading all he knew was that he was not obviously unqualified to do it. He dropped his résumé with the firms looking for traders. It still felt like a lark. “Someone told me that a lot of physics ma

First, there is a group of heterogeneous agents.

player, the more likely you will think him to be an NBA player. They had a hunch that people, when they formed judgments,

Once you have a reference class, take a close look at the rate of success and failure.

Dale Carnegie’s How to Win Friends and Influence People for sales, Andy Grove’s High Output Management for CEOs, or Robert Cialdini’s Influence for marketing and personal relationships.