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An easy way to change your mind.

This idea is related to Tyler Cowen’s idea of ‘meta-rationality’ which you read about in this pay-what-you want pdf. Perhaps there’s no better time to see, sort, and participate in over reactions than week one of the NFL. Though I only watch a full game or two a year, there are a lot of lessons […]

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The Right Proxies

Wharton Moneyball Super Bowl Show. “I was blessed to know Bill (Belichick) back in college. We worked together for seventeen years. Bill can make complicated game plans but his general principles aren’t very difficult. He had three rules: be on time, pay attention, and work hard. Those seem like simple things but when you’re deaing […]

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Thaler, Massey, and Losers

Well before he won The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, Richard Thaler wrote The Loser’s Curse. Along with co-author Cade Massey (well before he hosted the Wharton Moneyball podcast), they found that NFL teams tend to trade too many assets to choose higher in the draft. With the idea […]

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Gambling with CoVid19

Bias warning, My wife and I can work from home, my kids kinda like homeschool (but really miss their friends) and I wiped down the groceries in the garage.  It’s always helpful to ask, has someone faced my situation before? The answer is often yes. Rory Sutherland thrives at this. On recent podcasts from Deep Dive (#249) […]

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Morey thinking like Marks

It looks like Daryl Morey is thinking like Howard Marks. But, he probably always has. On the Wharton Moneyball podcast, Eric Bradlow talked through why the Houston Rockets might think playing “five guys a large number of minutes that are all six-seven to six-four” to end the season and into the playoffs was a good […]

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Always Fix Your Weaknesses

On the Wharton Moneyball podcast the trio of Eric, Adi, and Cade talked about betting lines for the upcoming weekend in sports and they brought up a good point: Liebig’s Barrel. The idea is that a barrel can only hold as much water as the shortest slat. In the context of Wharton Moneyball the trio […]

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Forward and Backward Thinking

“Jeopardy! James” Holzhauer won a total of 2.7M dollars during his appearances on Jeopardy!. It was a financial and cultural success as bar flies asked each other, have you seen this guy? During the week his run ended, Holzhauer appeared on the Wharton Moneyball podcast to talk about his approach on the show as well […]

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Michael Mauboussin V

Supported by Greenhaven Road Capital, finding value off the beaten path. If you aren’t familiar with Michael Mauboussin’s work the best introduction is this FT interview from 2017. Our notes will focus on his 2019 Invest Like the Best Podcast with Patrick O’Shaughnessy. … Stakeholders. One of the ILTB principles is that the podcast is […]

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Ken Kocienda

Supported by Greenhaven Road Capital, finding value off the beaten path. Ken Kocienda contributed to Apple’s Safari web browser and the iPhone keyboard as an Apple engineer. He’s also the author of Creative Selection. Our notes will be from his 2019 conversion with a16z’s Frank Chen. Safari Until 2003, Mac computers used Microsoft’s Internet Explorer. […]

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Bill Belichick

Supported by Greenhaven Road Capital, finding value off the beaten path. Notes from the May 2017 podcast between Bill Belichick and Paul Rabil. On Leadership. “The coaching part isn’t easy but I’ve had a lot of experience with that. It’s the overseeing of all the departments…the things that support our team…it all has to be […]