social.outsourcedmath.com

Politics Matter!!!

This is a very nuanced thing. I didn't say it was the only thing that matters. I didn't say all publicly traded companies are affected by politics.

To be clear, governments—even good democracies—will have some of the people holding political power who act in self-serving ways by sneaking in legislation that gives a company or group of companies they are allied with an unfair competitive advantage in the marketplace. Normally we only hear about it when it reaches scandalous proportions.

Typically we don't even think about politics because it's all so complex, and who's got time to read and understand the ramifications of all the laws passed in just their own home country? Nobody, that's who. In the long-range plans of #OutsourcedMath, there will be a group dedicated to the analysis of legislation who report on the expectations of those nefarious acts.

Sam Harris | Making Sense | #155 - Mental Models

I like all episodes of this podcast, but this particular one touches on #Finance and decision making early on. Pay close attention to how he claims top performers like Buffet reduce risk by focusing on stable knowledge of stable business types.



Link to the show's page
newer older

This website uses cookies to recognize revisiting and logged in users. You accept the usage of these cookies by continue browsing this website.