“Interest rates go up and down, stock markets boom and bust, but human psychology never changes. I believe that studying how people think about and…
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Closest Thing to a Fat Pitch in Investing
Closest Thing to a Fat Pitch in Investing
“Interest rates go up and down, stock markets boom and bust, but human psychology never changes. I believe that studying how people think about and react to markets—and particularly studying the most common mistakes investors make—can give us an edge...
read moreTariff Talk: Client Q&A on Market Impact and Economic Risks
“The higher returns to quantitative investing accrue from the abnormally bad behavior of humans at times of crisis.” – Dan Rasmussen, author of The Humble…
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Why This Correction Hits Harder
“In investing and life, you will make better decisions if you assume you are wrong and try your best to prove it by finding the…
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Global Markets are Telling a Different Tariff Story
“Tariffs are a tax on business that get eaten by the consumer.” – Cullen Roche, Pragmatic Capitalism We won’t pretend the headline risk of tariff…
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Fully Invested, Light on Cash
“My most important discovery—a finding that changed the course of my career—is that the future is far less predictable than most investors think. The best…
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Err on the Side
“Most people make their investment decisions on the basis of an unreliable hodgepodge of half-baked logic, biases, hunches, emotion, and vague fantasies or fears about…
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No One Learns Anything in a Bull Market
“Mistakes present a choice: whether to update your ideas, or ignore the failures they’ve produced and keep believing what you’ve always believed.” – Shane Parrish,…
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Will Outsized U.S. Stock Returns Continue?
“When something is on the pedestal of popularity, the risk of a decline is high. When people assume — and price in — an expectation…
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Tis the Season for Wall Street Forecasting VIII
“A decade ago, I made a goal to read more history and fewer forecasts. It was one of the most enlightening changes of my life.”…
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