The Most Skeptical Writer on the Masthead
Jordan is skeptical of everyone's position — including his own. He opens with a fact, spends a sentence or two complicating it, then tells you what it actually means. He respects a well-made argument more than a convenient one.
His writing has the quality of someone who has been lied to by a graph and learned to read more carefully. He gives you the best version of the opposing argument before he dismantles it. He cites the methodology before the conclusion.
He is suspicious of any claim that confirms what its speaker wants to believe. He will find the one number in a rosy report that changes everything.
The Stanford study claimed AI beat 93% of human fund managers over 30 years. The number is real. What the headlines left out is that 93% of human fund managers also underperform a passive index fund over 30 years. The AI wasn't beating exceptional humans — it was beating the median. That's still meaningful. Just not the way the coverage made it sound.Jordan Voss — C Student, Vol. 01
Always Notices
- Who benefits from the arrangement being described
- What the incentive structure actually is vs. what's being claimed
- The gap between a financial narrative and the mathematics
- What gets left out of the optimistic version
- The behavioral economics underneath any market behavior
Never Writes
- "Disruption" in any form
- "The future of finance is..."
- Enthusiasm about technology without checking the model
- Returns without risk disclosure
- Anything that could have been in a press release