The (Mis) Behaviour of Markets

As any investor will know, there are no defined set of rules in financial markets; investment management is a far cry from a hard science where normal distributions and other statistical methods work well. While it’s common knowledge that many concepts in modern finance have massive shortcomings (e.g. Markowitz’s modern portfolio theory and the efficient…

The Joy of Missing Out

The aphorisms YOLO (you only live once) and FOMO (fear of missing out) have become broadly accepted phrases across many generations during the past decade, and are no longer relegated to just the vocabulary of Millennials or Generation Z. Traditionally associated with living in the moment and the pursuit of self-gratification, there has been a…

The Success Equation: Untangling Skill and Luck in Business

When it comes to hard decisions, humans often have a hard time separating the process of decision-making from the result. The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing by Michael Mauboussin is a great read on how to analytically approach the concept of luck in decision-making, providing insight on how to effectively…

The Moral Animal – Why We Are The Way We Are

For those interested in human psychology and how evolutionary forces can influence the way individuals make decisions, The Moral Animal – Why We Are The Way We Are by Robert Wright is a fascinating read. It explores the science of evolutionary psychology, examining the historical context around how the theory of natural selection was conceptualized…

Against the Gods: The Remarkable Story of Risk

Viewpoint Investment Partners Managing Partner, Scott Smith, has recently finished the book Against the Gods: The Remarkable Story of Risk by Peter Bernstein. For those interested in the historical underpinnings of probability and the measurement of risk, this book is a captivating read. Traversing from quantifying the probability of certain numbers appearing in a dice…

Being Wrong: Adventures in the Margin of Error

One of our team members has recently finished the book Being Wrong: Adventures in the Margin of Error by Kathryn Schulz, which is a fascinating read for those interested in how the brain processes errors and the effect it has on behaviour. It is no surprise that the acknowledgement of errors in logic or deeply-engrained beliefs…

Why We Sleep: Unlocking the Power of Sleep and Dreams

One of our team members has recently finished the book Why We Sleep: Unlocking the Power of Sleep and Dreams by Matthew Walker, which is an intriguing read that discusses why sleep is so critical to health and productivity at work. A lack of sleep is a silent productivity killer, costing the US economy up…