reversion to the mean

Reversion to the Mean

A basic thesis on Wall Street is that what has worked well in the last market cycle is likely to underperform in a new cycle, and conversely, the underperformers of the last cycle can or should be the outperformers of the new cycle. The basic…
how to keep money

How to Keep Money

“How did you go bankrupt? Bill asked. “Two ways”, Mike said. “Gradually and then suddenly.” - E. Hemingway, The Sun Also Rises (1926) Once we make some money, how do we keep it? There are many articles written about how to make…
investing vs speculating

Investing vs Speculating

“We engage in the folly of short-term speculation and eschew the wisdom of long-term investing.  We ignore the real diamonds of simplicity, seeking instead the illusory rhinestones of complexity.” - John C. Bogle, Enough: True Measures…
holding marigolds in hands

Why Me?

"Managing our finances can feel overwhelming, and sometimes it even feels like financial companies want to keep it that way.  The “paradox of choice” is real – way too many options, but not enough information on how we can pick the right…

Why Does Investing Seem So Complicated?

You can tell whether a man is clever by his answers; You can tell whether a man is wise by his questions. - Naguib Mahfouz, Egyptian author and Nobel laureate: Literature (1911 - 2006) Investing does seem complicated, but it doesn’t necessarily…