People who know how to cook from first principles can make a delicious and wholesome meal from any ingredients they have available. That’s why cooking competitions test skills by giving contestants surprise ingredients. People who merely follow recipes struggle with surprises. I just read a blog post on this - https://lnkd.in/gpnCQQf Similarly, people who learn investing from first principles can make build wealth in any market conditions, whereas people who merely follow ‘experts’ struggle. That was the message in this old video I am re-sharing... …see more