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Averaging Up
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  • About
  • 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
    • Chapter VII: The Exceptions
    • Conclusion: From Finite to Infinite
Averaging Up

Month: August 2026

The Stock You Can Sleep On: The Toll Whose Growth Is Free — and Asks No Decision

Posted on August 1, 2026

“I have to be able to sleep at night. It has to be sufficiently obvious… because what kills you as an investor is permanent loss of capital.” — Sir Chris Hohn, TCI Fund Management   Download the Slides Deck: THE_FREESURFER  Listen to the deep-dive discussion –How Freesurfer stocks capture free growth   I. The Investor…

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