In Context: How the Challenger Disaster, Black Swans, and Collapsing Sand-Piles (Among Other Phenomena) Are Connected and What They Tell Us About the Stock Market
by Nathan Polackwich CFA
Originally published in 2011, In Context uses lessons from science, psychology, sports, and market history to explain the mental models underpinning sound investment decision-making. Across 13 brief chapters, Nathan Polackwich, CFA, explores how judgment, humility, process, and emotional discipline can help investors navigate uncertainty and recognize opportunities created by the behavior of others. Read the guide sequentially or select an individual chapter below..
Chapter One: Two Lessons
Chapter Two: Deliberate Practice and Stock Picking
Chapter Three: Know Thyself
Chapter Four: Execution and Icarus
Chapter Five: Unraveling the Mystery
Chapter Six: The Loophole (Where to Look)
Chapter Seven: The Hedgehog and the Fox
Chapter Eight: Super-Signals
Chapter Nine: Humane But Not Human
Chapter Ten: The Collective Error
Chapter Eleven: Failing Conventionally
Chapter Twelve: The Burden of Thought
Chapter Thirteen: The Sand-pile
Appendix: The Loser’s Game


