As Carmela Soprano, Edie Falco invested heavily in tech stocks.

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Be aware but wary of stories, and the central story right now is the big five technology stocks

Tony Soprano’s wife Carmela spent a few episodes making more money out of buying technology stocks than her husband was making. Today, the idea that the market can be sustainably beaten by simply owning a handful of widely known technology behemoths is not just implausible, it may be dangerous.

9th Sep, 2020 - 5 min read

Stories matter. Among much else, they help us grapple with unavoidable complexity. More than that, they help us thrive in the face of chance, threat, opportunity, and time.

For most of human history, the capacity to react to stories has often been a matter of life and death. Even if wrong sometimes, those who intuited and reacted to unexplained threats were more likely to survive. Through millennia of remarkable progress, we are hard-wired to tell, absorb and respond to stories.

Unfortunately, stories can also lead us astray. They risk over-simplifying the necessarily more complex reality. Four years on from the Brexit referendum and the Trump...

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