Richard Zeckhauser: Mere Mortals Should Not Try To Imitate Warren Buffett or Bill Miller

Johnny HopkinsInvesting Strategy, Richard ZeckhauserLeave a Comment

Some years ago Richard Zeckhauser, a professor of political economy and bridge player, wrote a very interesting paper called – Investing in the Unknown and Unknowable (UU). His paper discusses how the wisest investors have earned extraordinary returns by investing in the unknown and the unknowable (UU). But they have done so on a reasoned, sensible basis. He goes on to explain some of the central principles … Read More