Newsletters
Egalitarianism: Inequality could be lower than you think
Economist.com: “Even in a world of polarisation, fake news and social media, some beliefs remain universal, and central to today’s politics. None is more influential than the idea that inequality has risen in the rich world. People read about it in newspapers, hear about it from their politicians and feel it in their daily lives.”
Why Are We So Scared?
“I always find this time of year to be self-reflective. Year-end provides a natural point for critiquing past performance and fitting it into a broader investing context. These holidays in particular have a way of foisting this perspective upon me, and with deep meaning. As a parent of two young kids, my holidays now kick …
The Real Reason Value Has Been Lagging Growth
“”Portfolio managers that invest in undervalued stocks have lagged funds that hold growth stocks over the past decade — leading market commentators to speculate that value investing is dead.”
Re-Framing the Next Downturn
“It feels like people have been worried about the next recession every day since the last one was over. I get it. Recessions aren’t fun. But you can’t constantly remain in the fetal position simply because you know the economy and markets eventually have a downside.”
When the Short-Term Impacts the Long-Term: Are We There Yet?
“Stories about value investing are the equivalent of your kids asking “Are we there yet?” over and over again on a road trip. The value investing equivalent of “Are we there yet?” is this:”
The Thing That’s Probably Blowing a Hole in Your Budget
“The three biggest debts most people take on are their mortgage, student loans, and car loans. A home isn’t guaranteed to appreciate but historically housing has beat the rate of inflation, it’s a form of forced savings, it’s the roof over your head, and it can provide some level of psychic income.”
Subscription services make life easier, but costs can add up.
It’s true. I love my subscription services. Pay on a monthly basis for the convenience of never worrying about a bill – what a time saver! But, can it be a money waster? Definitely.
How Often Is It a Stock-Picker’s Market?
“One of the reasons it’s so difficult to outperform the market is because so many individual stocks themselves underperform the market. It’s not a symmetrical distribution where half the stocks outperform and half underperform.”
Should You Ignore Financial TV?
“This one is a bit of a softball, and you can probably guess what my answer is. But given that the end of the year was yet another apocalypse du jour and that retirees often worry themselves into making poor portfolio decisions during that sort of event, I wanted to discuss it in more detail.”