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  • Mental Models
  • The Infinite Investor
    • Preface & Table of Contents
    • Chapter I: The Lie of the Average
    • Chapter II: Ergodicity and Behavior
    • Chapter III: The Foundation
    • Chapter IV: The Four Buckets
    • Chapter V: The Lenses
    • Chapter VI: The Selection Process
Averaging Up

Month: December 2025

The Paradox of Wealth: Why Survival Beats Optimization (A Manifesto for the Ergodic Investor)

Posted on December 24, 2025December 24, 2025

You have spent years building your wealth. You took risks, you optimized, and you won. You have reached the summit. But standing at the top, a strange feeling takes hold: vertigo. Why? Because you intuitively realize that the rules that got you here are not the rules that will keep you here. Traditional finance is…

Beyond the Average: Mastering the Hidden Mathematics of Compounding : A unified framework for leveraging Skewness, Ergodicity, and the Power Law.

Posted on December 15, 2025January 10, 2026

Beyond the Average: Mastering the Hidden Mathematics of Compounding A unified framework for leveraging Skewness, Ergodicity, and the Power Law. Posted on December 15, 2025 Investing is rarely a problem of asset selection; it is a problem of mathematical categorization. Most portfolio failures stem from a “Category Error”: treating a volatile asset that requires harvesting…

The Volatility Tax and How to Defeat It: A Mental Model for How to Survive the Maths of the Market

Posted on December 12, 2025December 12, 2025

We are all taught the same fundamental truth of investing: Stocks go up over time. We are shown a chart of the S&P 500 moving from bottom-left to top-right and told, “Just buy, hold, and wait.” For the index, this is true. But for individual stocks, this is often a dangerous lie. The reality of…

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