luxury paradox is that for certain goods, higher prices increase rather than decrease demand — the opposite of standard economics. Luxury goods function as status signals: the...
The core idea
luxury paradox is that for certain goods, higher prices increase rather than decrease demand — the opposite of standard economics. Luxury goods function as status signals: the...
Connected
Barbell Strategy
at extremes of safety and risk, avoid the mediocre middle.
Circle of Competence
have an edge in some domains and not others — and the boundary between the two i
Discounted Cash Flow
equals future cash flows discounted to present value.
Margin of Safety
below intrinsic value to protect against errors and the unforeseen.
Arbitrage
is profiting from a price difference for the same or equivalent asset across mar
Asymmetric Upside
upside is a payoff structure where the best-case gain is large relative to the w