Not Worried About Tech Bubble (and how HBD can be used to beat the market)

As so-called ‘FANG’ stocks (Facebook, Amazon, Netflix, and Google) keep making new highs, predictably some say we’re in a tech bubble: Are Amazon’s Shareholders Suckers? The Silicon Valley Bubble TECH IN THE TRUMP ERA: IS THE SILICON VALLEY BUBBLE ABOUT TO POP? Is Silicon Valley in a bubble? It’s complicated Silicon Valley Sees The Pavement… Continue reading Not Worried About Tech Bubble (and how HBD can be used to beat the market)

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 sum of money saved up (such as $40,000) or as… Continue reading Stocks vs. Real Estate Debate, Part 3 (answering objections)

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 themselves at the expense of their clients. The origin of… Continue reading Why the Customers Don’t Have Yachts, and Why it Doesn’t Matter

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 before tax plan rollout! — Donald J. Trump (@realDonaldTrump) February… Continue reading Make The Stock Market Great Again

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’, and Michael Lewis’ books all have a leftist slant to… Continue reading No paradigm shifts or changes to status quo

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, society was more collective–and family, civic participation, and organized religion… Continue reading Wealth Creation as the New American Religion

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 gloom prediction since 2008 has been wrong: -predictions of double… Continue reading Advice to Ignore

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 /r/news about “Leaflets calling for death of those who insult… Continue reading SJW Narrative Collapse, Part Infinity

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 future results? No, but as far as strategies go, it’s… Continue reading Amazon, Google, and Facebook: Bigger is Better