Time Rewards Structures That Refuse to Adapt Quickly
Markets don’t reward speed of reaction as much as they reward durability of structure. Over long time horizons, systems that change slowly outperform those that constantly adjust.
Risk Management
Time, Not Skill, Is the Real Bottleneck in Modern Investing
Most investors don’t fail because they lack skill. They fail because they underestimate time. In modern investing, time — not knowledge — is the real constraint shaping every outcome.