The Moral Philosophy of Investing in Ignorance

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× Investing at the Edge of Knowledge, Part 5 · Start with Part 1 “If in an unknowable world none of your bridges fall down, you are building them too strong.” Zeckhauser’s version of this line refers to investments, not bridges, but the structural point is the same. A philosophy of investing that expects some failures is also a philosophy that accepts some losses will be borne by…

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