Investing is a discipline built on cumulative knowledge, and it requires a continuous evaluation and assessment of new information. The purpose of C&B Notes is to pass along the ideas, concepts, stories, and information that are informing, influencing, and updating our worldview. We use them to build on our “latticework of mental models” that help us make better decisions.
85 articles in list
Cohort vs. Age Effects
In November, we shared a paper by the Federal Reserve that reported some of its research on the oft-maligned millennial generation. The report’s major thrust: millennials have more in common with other generations than not. This xkcd comic is a great complement to the Fed’s paper….Read More
Tyler Vigen’s book, Spurious Correlations, highlights the absurdity of drawing causation from information where only correlation exists. Reminders that correlation ≠ causation are always useful given our natural instincts to build narratives to explain data and anecdotes we encounter. This spurious correlation…Read More
Incentives Matter: Dolphin Edition
A dolphin named Kelly at the Institute for Marine Mammal Studies responded to incentives in an extraordinary way by demonstrating a pronounced ability to delay gratification and think ahead to the future. All the dolphins at the institute are trained…Read More