“Invert always invert. It is in the nature of things, as Jacobi knew, that many hard problems are best solved only when they are addressed backwards.” Charlie Munger These words from Charlie Munger’s 1986 speech can be used as a lifeline for investors being fleeced by unscrupulous brokers. Turning their advice upside down and applying…
Alternative to What? Making Money??
Over the years Wall Street has come out with new products to help investors “hedge” the risk of often wild and crazy markets. Liquid Alternatives, Unconstrained Bond Funds, Master Limited Partnerships and (the granddaddy of them all) Hedge Funds, are some of the fancy names thrown around to impress naïve investors. These funds are often…
Diversify and Win- in Investing and in Kids’ Sports
When it comes to investing, you are much better off holding a globally diversified, low-cost portfolio than you are making concentrated bets on individual stocks or asset classes. Unfortunately, many investors do not see the value of diversification in their investments. And perhaps that isn’t surprising, considering the many ways in which society encourages putting…
Good Enough is Almost Always Good Enough
At a diner it is difficult for many people to choose from a thirty page menu. This creates stress and often leads to bad decisions, like ordering Sushi from page 4o on the menu! This is called the paradox of choice. It is often the reason people delay investing. If you let it, this will interfere with some…
Don’t Let Instinct Ruin Your Financial Plan
The human instinct to focus only on immediate threats to our well-being is hard-wired. It evolved because it kept early humans physically safe. But while the instinct to run from danger was invaluable to a Neanderthal roaming the savanna as a hunter/gatherer, it can be devastating to a long-term financial plan. Just think about the…
You Have the Watches, But We Have the Time
Investors have a much easier job than traders. It comes down to playing the long game vs. the much riskier shorter version. The short term is all about predicting irrational human reaction to unpredictable and random short-term events. The long game enables an investor to make educated guesses on the most likely long-term probabilities. While the…
You Have the Watches, But We Have the Time
Investors have a much easier job than traders. It comes down to playing the long game vs. the much riskier shorter version. The short term is all about predicting irrational human reaction to unpredictable and random short-term events. The long game enables an investor to make educated guesses on the most likely long-term probabilities. While the…
Cheering for Your Child Can Make You a Better Investor
Learn more about Anthony on NerdWallet’s Ask an Advisor Disturbing behavior occurs far too often during youth sporting events. Fights, inappropriate language and disrespectful attitudes often seem to be the rule. And we’re not talking about the kids. We’re talking about the parents. Many parents try to live vicariously through their children to make up…
Cheering for Your Child Can Make You a Better Investor
Learn more about Anthony on NerdWallet’s Ask an Advisor Disturbing behavior occurs far too often during youth sporting events. Fights, inappropriate language and disrespectful attitudes often seem to be the rule. And we’re not talking about the kids. We’re talking about the parents. Many parents try to live vicariously through their children to make up…
How Demographics Will Drive Up U.S. Home Sales
Over the next few years, the United States should see a dramatic increase in the demand for homes. This is not wishful thinking. Underlying demographic trends make it almost inevitable. It’s easy to be jaded when looking at the real estate market. The epic collapse in prices that began in 2007 left an entire generation…
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