In 2011, when Standard & Poor’s downgraded the U.S. credit rating, did you break out in a cold sweat? And when Greek voters rejected the terms of a European Union bailout, did you find yourself breathing into a paper bag … Read more
Tag Archives: Investing
I read a quip in the local paper over the weekend: The stock market takes the stairs up but the elevator down. As I felt the elevator begin its descent this week, my stomach lurched a bit, but I kept … Read more
If it were up to me, chocolate would be considered one of the major food groups, with truffles a particularly important staple dish. Fortunately, they are also a good metaphor for explaining the tax treatment of ETFs and mutual funds. … Read more
In the Chinese city of Ordos, empty skyscrapers loom over largely empty roads, empty town plazas, and empty schools. It’s China’s best-known ghost town. The empty buildings in Ordos and other places—started as part of an ambitious government plan to … Read more
Gender financial stereotypes abound. Women are risk-averse—to their detriment! Overconfident men trade more—to their detriment!
In most areas of life, it’s often best if we ignore the little things that we typically can’t control, such as traffic on the way to work or rain on your wedding day. However, in my opinion, you should sweat … Read more
Chief economist’s log, stardate 62014.1
Okay, everybody, don your pointy ears. We’re going to boldly go where (I’m guessing) no investment company has gone before. We’re going to talk about how wise long-term investing is like Vulcan investing.
I’ve always … Read more