Status Updates From Poor Charlie's Almanack: Th...

Charlie's a giant whose philosophy has deeply influenced my own. But his intellect & temperament make him underemphasise the importance for the ordinary person of above all avoiding ruin. E.g., he counsels patience & betting heavily & with conviction only when that very rare sure bet arrives. But the average person would do well to heed Taleb, to doubt our convictions, & to cap the downside even of these rare bets.