Incremental insights #75
The best of what I read, listened to, and watched during the week
It’s the One List No Finfluencer Wants to Find Themself on This Time of Year
A great backstory on the Fintwit phenomenon, “The Financial Charlatan of the Year” (FCOTY) and some interesting interactions with past winners.
The Only Book You Need as an Investor
Mastering market psychology through Le Bon’s 1895 “The Crowd.”
Why investors lose rationality in groups, how FOMO drives bubbles, and why crowd extremes create exploitable mispricings.
Sometimes the edge isn’t about better data but in understanding human nature.
Renaissance Technologies Under Pressure
Renaissance Technologies’ legendary Medallion Fund prints $5B annually for employees while their client funds bleed assets after a decade of underperformance.
Could the most secretive quant shop become a family office?
How I Built This: Rick Steves’ Europe
How Rick Steves’ accidentally built a large travel business based solely on his desire to earn enough money to fund his annual summer European travel trip.
Really enjoyed this. The idea of small, consistent edges adding up over time is so often underestimated. Compounding doesn’t just work in finance—it works in habits, decisions, and opportunity too.
I'm a big fan of bite-sized roundups like this. Makes it easier for others to see what they would otherwise miss. Thanks for doing this.