There is a lot of financial garbage published regularly on what investors think the Federal Reserve is going to do. Everyone seems to have an opinion on this except the Fed.
This is the unvarnished truth. And there is no other way to put it.
Most investors misunderstand diversification.
They say they want it.
But the moment part of their portfolio is not doing well, they panic.
And then comes the instinctive react.... Read More
The bear case always sounds intelligent in real time. It uses complex words. It quotes macro data. It predicts doom with confidence. It is wrapped in logic and delivered with.... Read More
Look at this sketch carefully.
On top is a smooth upward line.
It is labeled, “What I can handle.”
General resilience.
Below it is chaos.
Sharp falls.
Sudden spik.... Read More
What’s more important?
That the market is down 3 percent today?
Or that it is up over 1400 percent in the last 20 years?
That you found the next hot stock?
Or that yo.... Read More
I recently read a quote on my colleague Rupesh’s DP. It was deep and thoughtful."People have beautiful things to say about you... but you must die first."It is uncomfortable but.... Read More
A fascinating question hides inside this simple sketch.
Why not stop here?
The graph suggests that enjoyment rises with money.
Then, at some point, it reaches a peak.
.... Read More
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