Author: Collaborative Fund

  • Good Enough

    Spare a thought for the poor guppy fish, who lives a miserable existence but teaches us something important about forecasting. Small, brightly colored, and terrible at defense, the guppy faces an unusually high rate of predator attacks. Birds eat gupp…

  • Three Big Things: The Most Important Forces Shaping the World

    An irony of studying history is that we often know exactly how a story ends, but have no idea where it began. Here’s an example. What caused the financial crisis? Well, you have to understand the mortgage market. What shaped the mortgage market? Wel…

  • Big Beliefs

    A trick to learning a complicated topic is realizing how many complex details are a cousin of something simple. John Reed writes in his book Succeeding: When you first start to study a field, it seems like you have to memorize a zillion things. You…

  • Five Lessons from History

    The most important lessons from history are the takeaways that are so broad they can apply to other fields, other eras, and other people. That’s where lessons have leverage and are most likely to apply to your own life. But those things take some digg…

  • Rare Skills

    Three rare and powerful skills: 1. Understanding why people believe things in a way that makes you respect their delusions. A rare and useful skill is understanding that people you find to be deluded likely suffer from the same shortcomings you do. …

  • Reality Catches Up

    An asset you don’t deserve can quickly become a liability. Maybe your portfolio surged during a bubble, your company hit a monster valuation, or you negotiated a salary that exceeds your ability. It feels great at the time. But reality eventually catc…

  • Breaking Points

    Two weeks ago, Mitt Romney wrote an opinion piece in The Atlantic titled, “America Is in Denial”. The piece highlights numerous potentially “cataclysmic events” facing the nation, namely droughts out west, inflation, rising debt levels, profligate gove…

  • Breaking Down A Tesla

    Tesla has single-handedly transformed the landscape of the automobile industry worldwide in less than two decades. Before it, almost no car companies were seriously invested in developing all-electric vehicles (EVs). Now, automakers around the world a…

  • Tails, You Win

    Steamboat Willie put Walt Disney on the map as an animator. Business success was another story. Disney’s first studio went bankrupt. Later cartoons were monstrously expensive to produce, and financed at onerous terms. By the mid-1930s Disney had produc…

  • Little Ways The World Works

    If you find something that is true in more than one field, you’ve probably uncovered something particularly important. The more fields it shows up in, the more likely it is to be a fundamental and recurring driver of how the world works. Take two topi…