Context: Why Speculative Positions on a Growth Investing Site? This site focuses on growth investing — the careful selection of high-quality compounders that can generate wealth over decades. The core of the approach is finding businesses with durable competitive advantages, high returns on capital, and long runways for reinvestment. But even a disciplined growth investor…
Category: Compounding
The Paradox of Wealth: Why Survival Beats Optimization (A Manifesto for the Ergodic Investor)
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.
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
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…