Ideas
What Would Have Happened Anyway?
Improvement after a decision does not prove the decision caused it. A credible comparison helps distinguish an observed change from an actual effect.
Read the essay
Ideas
Improvement after a decision does not prove the decision caused it. A credible comparison helps distinguish an observed change from an actual effect.
Read the essayFROM THE NOTEBOOK
A signal that looks convincing can produce many false alarms when the underlying event is rare. Start with the population before interpreting the prediction.
Read the essayMEET STEPHEN
My work connects investing, entrepreneurship and a continuing curiosity about the world.
Portfolio manager and Founder & Managing Principal of Global Advisers, LLC.
More about me
FOLLOW THE QUESTIONS
Different disciplines. Connected questions.

COMPANIES & INITIATIVES
The businesses I lead, the brands I am developing, and the work that connects them.
Insurance and protection
CoreShield Insurance LLC is Stephen Kovach’s insurance company, connecting protection needs with clear information and a developing service platform.
ExploreMobility and transportation technology
CYVO, Cyber Vehicle Operations LLC, is Stephen Kovach’s developing mobility venture examining the economics and operations of autonomous transportation.
ExploreWealth management and investment advisory
Founded by Stephen Kovach in 2014, Global Advisers connects portfolio management, financial planning, research, and client service.
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