On the difference between dollar losses and percentage losses and why direct experience is irreplaceable for you as an investor.
Some people think volatility is to be avoided. I illustrate that if you want to earn decent returns, volatility is a feature, not a bug, in stock markets.
Deciding whether to take an annuity or the lump sum can be a complex decision. I provide a clearer framework for analyzing the tradeoffs in this decision.
Do smarter people make better investors? In this piece I examine the data as to whether intelligence is predictive of investment success.
What is the greatest asset bubble of all time? Using a specific set of criteria I narrow down the 7 best known bubbles in market history to crown a winner.
Have you ever been right about something when everyone else was wrong? This post discusses the difficulties of investing and being wrong when you are right.
Why do the poor and the rich have the most trouble dealing with their finances? This week I discuss the downsides of wealth and how to avoid them.
When it comes to communication, personal finances, and even war, sometimes the most efficient solution is not the most effective.
I call out the financial media for normalizing exceptional financial circumstances (i.e. financial pornography) and address why it is here to stay.
An eerie coincidence occurs the first time I ever attempt to write about my family’s history with gambling.