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.

On the periodic nature of progress and destruction that occurs in both markets and in life.

The main difference between natural and financial systems is that natural systems tend to have immutable laws, while financial systems only have tendencies.

When investing a lump sum of money, it is better to do it all at once than to dollar cost average into the market. Here’s why.

A market timing strategy rarely outperforms dollar cost averaging even when that strategy knows exactly when to buy.