Next Financial Crisis?

With the stock market constantly making new highs, for the 8th year and counting, there is a lot of discussion online about when the next financial crisis will be. Based on the evidence, the next financial crisis will not be for a long time. As…

Stocks vs. Real Estate Debate, Part 3 (answering objections)

It’s amazing how much discussion there is about personal finance…a thread about finance on Reddit’s Slate Star Codex thread got over 80 replies. In parts 1 & 2, I make an argument for owning real estate over stocks. I assume that someone, hypothetically, has a…

Why the Customers Don’t Have Yachts, and Why it Doesn’t Matter

The oft-repeated phrase ‘Where Are the Customer’s Yachts?’, the the title of Fred Schwed’s 1940 classic book on investing, has become something of a cultural refrain for greed and self-interest in the financial industry (but also in other industries), of how brokers allegedly intentionally enrich…

Make The Stock Market Great Again

Stock market hits new highs The ‘Teflon market’: Why stocks keep setting new highs despite Trump drama The S&P 500 has gained 10% since Trump’s victory. Stock market hits new high with longest winning streak in decades. Great level of confidence and optimism – even…

No paradigm shifts or changes to status quo

From David Brooks: Does Decision-Making Matter? It’s not a coincidence one of the world’s most overrated authors, Michael Lewis, is writing about two of the most overrated Nobel Prize recipients, Daniel Kahneman and Amos Tversky. Behavior psychology is not the equal of a ‘hard science’,…

Wealth Creation as the New American Religion

On sites such as Hacker News, Quora, Medium, and Reddit, posts, threads, and discussions about wealth creation always go viral. Everyone is obsessed with wealth, economics, finance, and money, but why, and what does this say about society? My own take is, in the past,…

Advice to Ignore

The worst types of people are those who pretend to have your best interests and then spread bad advice either unintentionally or mistakenly, but usually for their own profit and or self-aggrandizement. 1. “Sell your stocks! The US economy is doomed!” Every single doom and…

SJW Narrative Collapse, Part Infinity

This is pretty funny… going on Reddit (I recommend logging out to see which default threads are on the front page, not subscribed ones), and it looks like the left, to quote the title of a Charles Murray book, is losing ground. A story on…

Amazon, Google, and Facebook: Bigger is Better

Why giants thrive The power of technology, globalisation and regulation This is why a simple investing strategy that goes ‘long’ equal weight the three biggest, fastest growing, and most successful tech companies (AMZN FB and GOOG) has done so well. Is past performance indicative of…