On the history of retail investing and where I think we are headed next.
Market History
In Defense of Global Stocks
On the risks and rewards of investing in stocks outside of the U.S.
How Often Does Dollar Cost Averaging Fail?
On dollar cost averaging (DCA) and how often it fails as an investment strategy.
Started From the Bottom
Investing lessons one year since the March 2020 bottom.
The Boy Who Cried Bubble
On calling bubbles too often and finding simple solutions to complex problems.
When They Start to Lose, They Change the Rules!
On Wall Street fixing the game and one of my favorite investment stories of all time.
Should You Buy An All-Time High?
On buying risky assets (U.S. stocks, Intl. Stocks, Bitcoin, etc.) near all-time highs.
How Much Could You Lose?
On the expectation of losses and how to deal with them.
Why You Should Invest in Stocks
A different framework for thinking about equity investing and why you should invest in the stock market.
The Craziest Month in Stock Market History
Quantifying just how crazy March 2020 was for the stock market and investors.
How Will Coronavirus Affect Your Portfolio?
A historical examination of epidemics and market returns.
The Investor’s Fallacy
Why markets are never due for anything…or are they?
Realistic Investment Results
A more rational approach to examining historical investment returns.
The sCAPEgoat
Why valuations get more attention (and blame) than they deserve.
The Cost of Waiting
Why it’s better to invest a lump sum conservatively now than to dollar-cost average over time.
Skewed Expectations
How time affects our perception of the skew in stock performance.
The Price of Admission
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.
The Will To Survive
A historical review of financial and biological systems and why they have a propensity to survive despite the worst of odds.
Nothing is Safe
Wealth preservation over very long periods of time is hard. I discuss the historical evidence surrounding a variety of assets and how they preserve wealth.
Nothing Happens, Then Everything Happens
On the periodic nature of progress and destruction that occurs in both markets and in life.