Luca Dellanna on Why Long-Term Investors Must Understand Ergodicity

We had the pleasure of speaking with Luca Dellanna, author of Ergodicity: How Irreversible Outcomes Affect Long-Term Performance.

We are grateful to Guy Spier for the introduction to Luca.

This conversation is available as an episode of Invest Intelligently, a member podcast of MOI Global. (Learn how to access member podcasts.)

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About the interviewee:

A mechanical engineer by training, Luca Dellanna decided to quit his corporate job to become an independent researcher and author and shed light on the topics of nonlinearities on human collective behavior. Luca believes that those topics are essential for preventing human suffering, especially as the scale of our civilization keeps increasing.His style is concise and direct, focused on cause-effect relationships. He rejects top-down theories and explains most real-world phenomena with bottom-up hypotheses. Luca published his first book, “The Control Heuristic: Explaining Irrational Behavior and Resistance to Change”, in 2017. In the following year, he published another book titled “The World Through a Magnifying Glass: A New Theory to Explain Autism” and followed it up with “The Power of Adaptation”. Luca writes regularly on Twitter (@DellAnnaLuca). His personal website is luca-dellanna.com.