What I really like about that post is the reminder that investing favours two groups, experts and patient amateurs. I don’t understand most of what Chris said, but I don’t need to. Chris (and many others) are experts, and I don’t fancy competing with them at investing.
Being an expert can be an investing super power, though it’s not always easy to evaluate your own level of expertise. Being a patient amateur can also be an investing super power, though it’s not always easy to stay patient.
[does it show that i’m drafting an investment philosophy piece at the mo]