Bank Runs and Why Zebras Don’t Get Ulcers

“Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.”- Warren BuffetIf you’re a zebra grazing on the savannah, what would trigger your stress response?  Perhaps you spot…

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Positioning

Organisms can position themselves in one of two ways from an evolutionary perspective: specialize or generalize.  Specialist species are adapted to a narrow range of conditions.  They are specialized for their niche and out-compete other species in that space.  Specialists thrive when conditions are just right, but suffer the most when conditions change.  Think of giant pandas, venus fly traps,…

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Get to vs. Got to

This story starts about a year before that photo was taken.I stumbled into my sparsely furnished apartment tired, dirty, and hungry after a long day of hiking. I had moved to Chilliwack, BC a few months before to start my family medicine residency and had been spending weekends when I wasn’t on call exploring the epic geography.  This particular hike happened…

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