Function composition is the process of combining two or more functions to produce a new function. Composing functions together is like snapping together a series of pipes for our data to flow through.
It is important to view knowledge as sort of a semantic tree — make sure you understand the fundamental principles, i.e. the trunk and big branches, before you get into the leaves/details or there is nothing for them to hang onto.
…n the rest of the market (your peers) who may not have an asset allocation plan at all. And because time is limited and exponentially shrinking, it’s best to have a spending plan for it.