One of the risks of being prolific and public is the built-in assumption that readers are familiar with your body of work. We all occasionally engage in shorthand based on prior beliefs, discussions, and philosophy.

This turns out to be an error.

Anything one writes is across a continuum of prior ideas; the risk in any standalone piece is that it gets taken out of the context of the philosophy from which it comes.

To wit, “Tune out the noise.”

I was genuinely surprised by the pushback this piece received, particularly from a behavioral perspective, e.g., “nobody can just tune everything out.” My mistake was assuming that the advice I was giving would be interpreted via my broader writings, encouraging people to contextualize the noise appropriately. Not unreasonable, given this is throughout How Not to Invest” and all over “The Big Picture.” (See ten related chapters to these concepts here).

But

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