Survivorship bias
Why success stories are not the same thing as the odds of success.
The video library
All eight videos from the original letter. One place to understand the ideas—and pass them on.
8 videos
Why success stories are not the same thing as the odds of success.
The appeal of retail trading when ordinary financial progress feels out of reach.
Why a sequence of risks can threaten the ability to keep going.
An introduction to rare, high-impact surprises.
How growth on previous growth works as a mathematical concept.
The basics of spreading investment exposure.
A starting point for thinking about skills and personal development.
An introduction to spending less than you earn.
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