Models

Question 1

Entropy

Question 2

Ergodicity

Question 3

Momentum

Question 4

Compounding

Question 5

Scale

Question 6

Leverage

Question 7

Opportunity Costs

Question 8

Principal-Agent Problem

Question 9

Prisoner’s Dilemma

Question 10

Darwinian Evolution

Question 11

Combinatorial Evolution

Question 12

Margin of Safety

Question 13

Sunk Cost Fallacy

Question 14

Diversification

Question 15

Cause & Effect Reasoning

Question 16

Social Proof

Question 17

Scarcity

Question 18

Risk

Question 19

Volatility

Question 20

Concentration

Question 21

Lindy

Question 22

Black Swan

Question 23

Goodwill.

Answer 23

Economic. Accounting. Human.

Question 24

First Principles

Question 25

Second-Order

Question 26

Wisdom of Crowds

Question 27

Authority

Question 28

Pascal’s Wager

Question 29

Pre-mortem & Post-mortem.

Question 30

Inversion.

Question 31

Co-occurrence, Causation, Correlation

Question 32

Survivorship Bias

Answer 32

Plane. Bullet Holes.

Only see manager’s that have survived.

Question 33

Narrative Fallacy.

Question 34

Noise vs Bias

Answer 34

Noise is random error.

Bias is consistent error.