My Favorite Investment Writing of 2017

Plus My Favorite Books I Read in 2017 Photo: Pixabay Outside of Twitter and my email list, I rarely discuss other writers’ work on Of Dollars And Data. However, without these individuals I wouldn’t be even half as good of an investment writer as I am today. Reading the work of others is the most helpful…

When Do You Sell?

The Most Challenging Question in Investing Before you buy your next investment, consider the following question: When do you sell? The question seems easy enough, but I’d argue its the most challenging question for investors. Why? Because it forces you to face off against two of the strongest behavioral forces in investing: fear of missing…

The Double-Edged Sword

Why Some Strategies Can Lead to Both Success and Failure Stavanger, Norway (2017) Take a deep breath. The air filling your lungs is 78% nitrogen and 21% oxygen. A Swedish pharmaceutical chemist by the name of Carl Wilhelm Scheele first discovered both of these elements in the mid 1770s, but he didn’t get any credit for it….

Beyond All Expectations

When Old Patterns Break and How to Think About Financial Data It had been nine days since Volkert Evertszoon and his fellow shipmates had consumed anything other than their own urine. The men were on death’s door as their longboat floated helplessly throughout the western part of the Indian Ocean. Then…a miracle occurred. After washing…

There Are Many Ways to Win

Why A Few Simple Rules Are More Important than Specific Strategies In every laboratory experiment ever conducted between the fire ant (Solenopsis invicta) and the woodland ant (Pheidole dentata), fire ants have overwhelmed and eaten their woodland counterparts. Because fire ant colonies are typically 100 times larger than woodland colonies, the woodland ants never stand…

It’s Not About the Money

On Lifestyle Diversification in Retirement Photo: Flickr The task was simple. Each team was given an envelope and one specific goal: Start a business and earn as much money as possible within two hours using only the money inside the envelope. The problem? Each envelope only contained $5. It was a Wednesday afternoon and each…

A Little Knowledge is Dangerous

How to Deal with Overconfidence in Financial Markets It had been a little over a week since anyone had seen Karina Chikitova. The forest she had walked into nine days prior was known for being overrun with bears and wolves. Luckily, she was with her dog and it was summer in the Siberian Taiga, a…

The Constant Reminder

How The Right Decisions And Compounding Can Lead to Huge Results Every 175 years something remarkable happens — Jupiter, Saturn, Uranus, and Neptune come into close alignment. An American aerospace engineer by the name of Gary Flandro discovered this while working at NASA’s Jet Propulsion Laboratory in the summer of 1964. More importantly, Flandro realized that the next…

The War Between Fear and Evidence

On Evidence-Based Investing and How You Can Profit From It A war is currently being fought every day throughout the world. This war was here before you were born and will be around long after you are gone. I am talking about the war between fear and evidence. While humanity has access to more information today…