“In the end, how your investment behaves is much less important than how you behave.” – Benjamin Graham, famous investor Much had changed, but nothing…
Read More
Taking Cues from the Market
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 moreIntoxicated with Pessimism
“Optimism sounds like a sales pitch. Pessimism sounds like someone is trying to help you.” – Morgan Housel, The Collaborative Fund Bill has financial freedom….
Read More
Avoiding Stupidity is Underrated
“All I want to know is where I’m going to die, so I’ll never go there.” – Charlie Munger, Berkshire Hathaway Let’s say you’re having…
Read More
It’s Been Too Easy
“Expectation is the root of all heartache.” – William Shakespeare Under promise, over deliver. The universal mental shortcut for managing expectations. Set the bar low,…
Read More
Retirement Simplicity is Beautiful
“Life is really simple, but we insist on making it complicated.” – Confucius, Chinese philosopher My morning inbox routine, delete, delete, delete… “Boom in Securities-Based…
Read More
Not So Obvious
“Hindsight is 20/20.” – Richard Armour, American comedian What was unclear 12-18 months ago, looks clear as day now. I knew the market would come…
Read More
Predicting Irrational Beasts
“We are emotional, irrational beasts who are emotional and irrational in predictable, pattern-filled ways.” – Chris Voss, author of Never Split the Difference. Stanley sold…
Read More
Internal vs. External Focus
“Do not let what’s out of your control interfere with all the things you can control.” – John Wooden, legendary UCLA basketball coach. I have…
Read More
The Difference Between Amateur and Professional Investors
“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