The record of a money manager who merely stays close to the market is not an outstanding record—it is a record of someone who has successfully rationalized doing nothing. The question is not whether you beat the market, but whether you had the intellectual honesty to know when you had no edge and the discipline to act accordingly.
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Pain researchers have found that the experience of pain is heavily shaped by context, expectation, and meaning. The same injury can feel devastating in one situation and barely noticeable in another — soldiers wounded in battle, for instance, often report feeling little pain at the moment of injury, because the wound means they will be evacuated from the front lines.
Hidden Brain
The United States is in the middle of an energy transformation, and natural gas sits at the center of it. The same fuel that was supposed to be a bridge to renewables is now being called upon to power the AI revolution, sustain manufacturing reshoring, and keep the lights on as coal retires faster than alternatives can replace it.
Invest Like the Best with Patrick O'Shaughnessy
“It’s cheating. But sometimes it’s easier to cheat,” Wolf said. “I’ll let you decide if it passed the cyberattack test or not.”