Claims

There is a fundamental error in how economics and finance are taught: someone decided that investment, economics, and finance are purely mathematical pursuits that can be put into spreadsheets, when in fact they are also sociological, philosophical, and psychological phenomena requiring historical context.

Academic research frequently falls into ruin-ignoring errors because academics don't 'trade'—they don't face financial consequences for being wrong. This lack of 'skin in the game' insulates them from reality, allowing incompetent theories to persist.