Kind or Hostile

The Most Important Decision You Can Make Every Day Photo: Pixabay I was recently listening to the 100th episode of the Michael Kitces podcast with Joe Duran to learn about how Duran used data analytics to help build and scale a $24 billion wealth management firm.  However, it wasn’t the machine learning or the data-driven decision…

Expectation vs. Reality

The Problem Of Planning and What To Do About It Photo: Pixabay It was December 5, 1914 and Sir Ernest Henry Shackleton set out to be the first person to travel by land across Antarctica.  Or, at least, that was the plan.  Shackleton and his 27 man crew figured they could brave the Wedell Sea and…

My Favorite Investment Writing of 2018

Plus My Favorite Books I Read This Year Photo: Pixabay I know the year isn’t over yet, but last year I wrote about my favorite investment writing of 2017 and decided to continue this tradition on Of Dollars And Data.  As I mentioned previously, I do not consider other financial bloggers as competition, but as…

When Things Stop Working

On The Persistence of Stock Market Anomalies Photo: Pixabay When the circumstances are right, one of the best evolutionary strategies as an animal is to get larger.  Larger animals have longer lifespans and are harder to kill than smaller animals.  However, bigger also means more calories and typically fewer offspring, leading to slower population recovery…

What You Can’t Buy

Following Your Beliefs and Why I Came to RWM Photo: Pixabay From a young age, I knew something wasn’t quite right with the world.  It all started when I lost my first tooth.  I was five years old when I showed my parents my first enameled souvenir.  They told me to put it in a…

Four Things Leonardo da Vinci Can Teach Us About Investing

What I Learned From One of History’s Greatest Minds Photo: Pixabay You may know him for the Mona Lisa.  You may know him for The Last Supper.  However, Leonardo da Vinci was far more than just a painter and an artist.  He was an anatomist, a military engineer, a scientist, and the list goes on….

The Old Gods and the New

On Confidence and the God Complex Photo: Pixabay In 2015, Time Magazine named her one of the “100 Most Influential People” in the world, just two months after her 31st birthday.  President Obama appointed her to be a U.S. ambassador for global entrepreneurship and Harvard Medical School invited her to its board of fellows.  She…

The McRib Effect

Why Understanding Causality is So Difficult Photo: Pixabay It’s Sunday morning.  You walk to your mailbox and see a letter from a mysterious stock research firm.  The firm claims that their market insights team knows with 100% certainty that a particular stock is going up over the next week.  Skeptical, you put the envelope aside…

You Have No Competition

On Your Career Development and How to Think About Competitors Photo: Pixabay I will never forget the moment when I changed how I think about competition.  I was watching Barry Ritholtz interview Ken Fisher, the founder and chairman of Fisher Investments, at the opening keynote for the 2018 Evidence-Based Investing Conference (EBI West) in Dana…

A Change in Perspective

Re-Thinking How To Make Investment Decisions Photo: Pixabay The author John Valliant once said that there is only one certainty when it comes to following tiger tracks: If you follow them long enough you will eventually arrive at a tiger, unless the tiger arrives at you first. This was the reality for Yuri Trush and…