Welcome to the Theater of the Absurd – A.K.A. the U.S. Congress. There’s a good reason why the legislative branch is less popular than root canals and traffic jams. Last week, I traveled to Washington, D.C. with Dina, who was testifying why the SEC’s proposed Reg BI is insufficient to protect investors from the claws…

Enduring boredom is the golden ticket for successful investing; the same holds true for most fields. A famous Olympic weightlifting coach was once asked, “What’s the difference between the best athletes and everyone else?  He gave a surprising response:  “At some point, it comes down to who can handle the boredom of training every day, doing the…

Following the crowd gets pretty crowded. Rational decisions are powerless in the epic battle versus social proof. Robert Cialdini defines social proof as: “The principle asserts that people think it is appropriate for them to believe, feel, or do something to the extent that others, especially comparable others, are believing, feeling, or doing it.” Decision-making appears more…

“Everywhere there’s a large commission, there’s a high probability of a rip-off.” Charlie Munger Brokers work for whoever is cutting them a check. This iron law of finance is indisputable. Selling health insurance plans serves as Hiroshima to the Nagasaki of broker-pushed financial products; these are the twin ground zeros for financial exploitation. NPR recently disclosed conflicts…

We love helping young people with their finances. When they’re military veterans, all the better. Our North Star is serving those who serve. Nurses, police, firefighters, and an army of teachers top the list. We had the pleasure of meeting a terrific young couple; Marine Corps veterans who were looking for fiduciary advice but were…