How a few high-impact successes drive up overall average outcomes in investing, business, and creative projects. How to harness positive skewness using a barbell approach. Learn when to mitigate risks and when to embrace them.

Topics covered include:

What is positive skewness and how does it manifest in investing, business and creative endeavors
How power laws and the 80/20 rule work
Why we shouldn't beat ourselves up if we aren't incredibly successful
When should we reduce positive skewness and when should we embrace it

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Show Notes

Long-Term Shareholder Returns: Evidence from 64,000 Global Stocks by Hendrik Bessembinder, Te-Feng Chen, Goeun Choi, K.C. John Wei—SSRN

Long-Horizon Stock Returns Are Positively Skewed by Adam Farago and Erik Hjalmarsson—SSRN

Wealth Creation in the U.S. Public Stock Markets 1926 to 2019 by Hendrik Bessembinder—SSRN

The Coffee Can portfolio by Robert G. Kirby—csinvesting

Active vs Passive Investing U.S. Barometer Report—Morningstar

Table 7. Survival of private sector establishments by opening year—U.S. Bureau of Labor Statistics

How Many Podcasts Are There? (New 2024 Data) by Josh Howarth—Exploding Topics

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Kyle Giffin - LatchBio - Bioinformatics Platform