On the flaws of net worth and why liquid net worth is the better way to evaluate your financial security.
On the expectation of losses and how to deal with them.
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.