To get this kind of information and other exclusive articles before regular readers, get on the VIP Mailing List today. Question of the week: Can you find catalysts by looking at the numbers? http://ift.tt/2FlCFD7

This post will cover two aspects: the first will be a function to convert daily returns into a table of monthly returns, complete with drawdowns and annual returns. The second will be an interview I had with David Lincoln (now on youtube) to talk about the events of Feb. http://ift.tt/2sGYNFx

Long-time listeners will have heard me joke before that this podcast should really be called This Is Who You’re Up Against. I’ve been waiting for the right episode to deploy the joke as a title, and this week we have it.

Convenience is the most underestimated and least understood force in the world today. As a driver of human decisions, it may not offer the illicit thrill of Freud’s unconscious sexual desires or the mathematical elegance of the economist’s incentives. Convenience is boring.

I have been maintaining – and occasionally updating — a list of “Books That Every Leader Should Read” on my old Work Matters blog since 2011.

On February 13, 2018, the New York Times reported that Uber is planning an IPO. Uber’s value is estimated between $48 and $70 billion, despite reporting losses over the last two years.

You’ve missed me. You almost certainly don’t know that, but you have. And the reason you don’t know is, first, because you’re almost certainly a schmuck who doesn’t get probability theory – and, second, because you don’t have skin in the game. Me, I always have skin in the game.