Peter Kaufman

“The best way to solve problems is to use multiple mental models.”

“Invert, always invert.”

“Avoid stupidity before seeking brilliance”

“You don’t have to be brilliant — just less stupid than average.”

“Most mistakes come from failing to see second-order effects.”

“Reality doesn’t respect academic boundaries”

“Think like an owner, not a speculator.”

“Long-term thinking creates strategic freedom”

“Good incentives beat good intentions.”

“Compounding works quietly and relentlessly”

“Time magnifies both quality and mistakes.”

“The best investments are often boring.”

“Most human error is predictable”

“Biases don’t cancel out — they compound.”

“Understanding psychology is essential to understanding markets.”