LATEST BLOGS

Why Its Good To Be Wrong

That human beings can be mistaken in anything they think or do is a proposition known as fallibilism. Stated abstractly like that, it is seldom contradicted. Yet few people have ever seriously believed it, either. That our senses often fail us is a truism; and our self-critical culture has long ago made us familiar with the…

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What I Learned from Losing $200 Million

I’d lost almost $200 million in October. November wasn’t looking any better. It was 2008, after the Lehman Brothers bankruptcy. Markets were in turmoil. Banks were failing left and right. I worked at a major investment bank, and while I didn’t think the disastrous deal I’d done would cause its collapse, my losses were quickly…

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