On the risk-reward tradeoff and the difficulty of predicting the future.
A different framework for thinking about equity investing and why you should invest in the stock market.
On words versus actions and the power of revealed preferences.
On relative wealth and why most people feel like they don’t have enough.
On the average net worth by age and education and why you need both for proper financial comparisons.
On the difficult path forward for value investors.
On buying stocks after big rallies.
On the movement to cash and what it means for markets.
Quantifying just how crazy March 2020 was for the stock market and investors.
On false rallies and the disconnect between the stock market and the economy.