REARVIEW MIRROR
‘Focus on what’s in front of you, not the rearview mirror.’
EFFICIENT MARKETS
‘EMH/CAPM is no path to Mastery’.
GONNA CHANGE THE WORLD
‘Positive for the world ≠ Positive P&L.’
New Era Thinking
‘New eras are often a mirage.’
STOCK MARKET GENIUS
‘Don’t confuse skill with luck.’
TUTORIALS 81-85 RECAP
INVESTMENT COMMITTEES
‘Investment committees have a poor track record of success.’
VAR - VALUE AT RISK
‘VAR = a false sense of security.’
BULL MARKETS & BUBBLES
‘Bull Markets & Bubbles continue - until they don’t.’
PROJECT OVERRUNS
‘Projects are time/cost asymmetrical.’
MACRO MATTERS
‘Be Mindful of Macro.’
TUTORIALS 86-90 RECAP
