“Inflation is when you pay $15 for a $10 haircut you used to get for $5 when you had hair.” – Sam Ewing, retired professional…
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What the Treasury Market is Saying About Inflation
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 moreShrinking 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…
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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…
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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…
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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…
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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…
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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…
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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…
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The Identity Leak
“Keep your identity small.” – Paul Graham, famous investor. I was an average high school basketball player. Good enough to get on the court, but…
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