“Amateurs believe that the world should work the way they want it to. Professionals realize that they have to work with the world as they…
Read More
The Difference Between Amateur and Professional Investors
The Dog That Didn’t Bark
“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch, former manager of Fidelity Magellan Fund The act of trying to time or prepare...
read moreWhat the Treasury Market is Saying About Inflation
“Inflation is when you pay $15 for a $10 haircut you used to get for $5 when you had hair.” – Sam Ewing, retired professional…
Read More
Shrinking Life Cycle of an S&P 500 Company
“I’d rather be partly great than entirely useless.” – Neal Shusterman, American author & writer. Let’s face it, it’s fun to buy individual stocks. Maybe…
Read More
The Best Predictor of Stock Returns is Amazingly Simple
“The price of equity is determined in the same way that the price of everything is determined – via forces of supply and demand.” Jesse…
Read More
The Biggest Risk to New Retirees
“Consider two degenerate gamblers flipping a quarter for $100 per flip. One of the gamblers has heads and the other has tails for the duration…
Read More
What’s in a Bear Market?
“I’m an optimist, both as a person and an investor. It’s a big mistake to be pessimistic as long as we have a viable civilization…
Read More
Higher Capital Gains Tax and Stock Returns
“You watch…taxes are going to go up and the market will tank.” – I’ve been told this 5x in the past week. Well, that seems…
Read More
No Such Thing as Passive Investing
“This is the single worst time to be a passive investor since they started passive investments. The S&P 500 index is highly likely to not…
Read More
Spectacular Implosion
“How did you go bankrupt?” “Two ways. Gradually, then suddenly.” – Ernest Hemingway, The Sun Also Rises. It takes talent to lose $8 billion dollars…
Read More