Long-term investing with the Lindy effect

The black drop I'm not a boozer these days, but in my early twenties there was never any need to ask me what drink I wanted for the next round...it was always a pint of Guinness, no questions asked! Lots of trendy new ales came and went, as did various… full article

What doesn’t kill you…

Toughen up! When I was a teenager I worked for some years in a timber factory, and the older fellas had hands like you wouldn't believe. While new hires would invariably see their hands shredded with cuts and splinters, over time and as their hands repaired the body would overcompensate… full article

From toxic team to dream team

Toxic and trusting teams We've all come across or had to work with toxic team members or co-workers; perhaps we've even been one ourselves when we were in the wrong role! There are basically only two ways to give people the opportunity to change through direct & honest feedback -… full article

Dusting off the cobwebs

Reaping what you sow My wife hails from a farming family, and has always been conscious of the need to survive the lean years which agriculture tends to throw up periodically. Growing up on the farm, there were some years where the inclement British weather didn't allow for a productive… full article

Actions not words

Joining the queue Ask people what they prefer from their ideal restaurant experience and they'll probably say something like: no queues or crowds, gentle background music, friendly waiters, plenty of space, and so on. But logically, most people either can't or don't seem to do this. Instead we end up… full article

Being approximately right (not precisely wrong!)

Spurious precision One of the big accounting firms got my goat this week when it released house price growth forecasts by capital city out until the end of the year 2021, predicted to one decimal place. Even if you could predict the future of housing markets beyond a decimal point… full article

Small samples & the hot hand fallacy

Extreme outcomes In his ground-breaking book¬†Thinking Fast and Slow¬†psychologist Daniel Kahneman invited the reader to consider why some small, rural, Republican towns in America's South, West, and Midwest might've recorded the highest rates of kidney cancer (perhaps due to the clean-living rural lifestyle, lack of pollution, and access to fresh… full article

The roadmap to remarkable

Making the weight For the first year after my daughter was born I became lost in a maze of statistics. Doctors recognise that children come along in all shapes & sizes, but when looking at the 'normal' distribution of baby weights, she was an outlier - consistently lower than she… full article

You’ve changed…

Old habits Upon catching up with someone you haven't met for a long time they often observe that 'you haven't changed a bit!', and it's usually meant affectionately. On the other hand, an old associate noting that 'you've changed...' can be taken as an insult (although this often says as… full article

Connecting the dots

Re-engineering your life We've all heard more than enough Buffett quotes about the price of swimming naked when others are greedy (or whatever) to fill our proverbial punch-cards 20 times over by now. Instead, for today, how about some more practical advice from the 'Sage of Quotemaha'? Here's Wazza, on… full article