As Niels Bohr (Danish physicist, philosopher and Nobel Laureate) apparently once told Einstein, ‘You are not thinking; you are merely being logical.’ With apologies to logic (and my overly stoic friends) Sorry Seneca, Aurelius, and Aristotle, humanity’s greatest...
Years ago, a client sent me an e-mail. It simply stated: “Us down, the market up, why?” Why am I underperforming the ubiquitous “market”? I blame financial media. Fox. CNBC. MSNBC. Barron’s. Bloomberg. Money. Forbes. Dave Ramsey. Suze Orman. All of ‘em, for...
Is investing really all about timing? You wait for the right time: corrections, recessions, pull-backs, blow-ups, and inflection points. Then, BAM—you make hay, and get out. Do it again and again. That’s how investing works, right? Clichés like “time in...
Unmet expectations cause us distress. At times we lose perspective. When things are going well, we bask in the warm sunshine of +20% returns. But when it temporarily and inevitably floods worst-case -30% returns, we forget there are seasons. Return seasons. Sorry,...
What really keeps people in poverty? Is it the same self-destructive patterns that hold us back, whether we’re poor, middle class, or wealthy? Are we all really not that different? Isn’t a foundation of wealth built and lost in the day-in-day-out decision making...