“Sometimes it’s the bad things that happen to us that become the catalyst for the good things to happen to us. Life forces you into…
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Some Things Will Never be the Same
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 moreWhere Do We Go From Here?
“There’s clearly an indication that a systematic government-led approach using all tactics and all elements available seems to be able to turn this disease around.”…
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Bear Market Blind Spots
“History reminds us the event that often derails financial markets is seldom the one investors saw coming.” – Pure Portfolios 2019 Year-end Commentary The past…
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The Market is Talking. Are You Listening?
“It’s OK to not have an opinion on topics you don’t know anything about. And I don’t know anything about coronaviruses. But I have a…
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What’s Your Process for Making Portfolio Changes?
“To get something done a committee should consist of no more than three people, two of whom are absent.” – Robert Copeland, U.S. Navy Admiral…
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Are Low Yields a Good Reason to Shun Bonds?
“I don’t get why anyone would buy a 10-year bond yielding 1.5%” – Former Colleague Low bond yields are the new normal. It’s enough to…
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How to Tell if your 401(k) Plan is Hot Garbage
We are conditioned to sock away money for retirement ASAP. You should save at least 10% of your income. By the time you’re 30, you…
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Random $#%&
“No matter how sophisticated our choices, how good we are at dominating the odds, randomness will have the last word.” – Nassim Nicholas Taleb, Fooled…
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The Amazing Run of U.S. Tech Stocks
Friend: “I need to buy more QQQ.” Later that day, while on a call… “Tech stocks make me nervous. I fear a repeat of the…
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