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Reinvesting Dividends Sets You Free
Tim Urban in one of his posts, The AI Revolution: The Road to Superintelligence, attempts to measure the accelerating rate of human progress through something called the Death Progress Units (DPU). Take George Washington for example, our first president…
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Return of Investment
Joel Greenblatt, the founder of Gotham Funds, says that the secret to investing is figuring out the value of something and then paying a lot less for it. Obvious but wish it were that easy.…
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Investing Your Retirement Savings
Johnny Depp was once the highest paid actor with a net worth of $650 million1. In 2017, he filed a lawsuit against his business managers accusing them of stealing all his wealth and leaving him penniless.…
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Never Too Late
You know the end of working for a paycheck is coming but when you are in your 20s, that end seems so far that it might not as well come. Plus, life has a way of getting…
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Technical Analysis Is For Suckers
I get to listen to the radio sometimes and I still find (unfortunately) a plethora of shows where people call in to ask whether a given stock is a buy, sell, or a hold. So,…
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Women Make Better Investors
I wish we would see a day when a majority women are at the helm of our businesses and the markets. I wish child-rearing, toddler-totting mothers someday rule Wall Street and investment houses across the…
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Most Mistakes Happen In The Tails
The stock and the bond markets are the most efficient places to invest your savings. Owning stocks means owning pieces of businesses while owning bonds means becoming a lender to the same businesses and sometimes…
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Price vs. Value
Ralph Wagner, the legendary manager of the Acorn Fund, once likened the stock market to an excitable dog on a long leash in New York City, darting randomly in every direction. The dog’s owner is…
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A Bias Towards Inaction
A business makes capital allocation decisions such as expanding a factory or investing in new tech with the intent of recouping that investment over a timeframe that spans years and decades. Not all capital allocation…
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Sometimes, The Year You Retire Can Make A World Of Difference
Let me introduce you to Jason. He retires in 1969 with today’s equivalent of a million dollars. That is, he retires with an amount of money that has the same purchasing power as what million dollars…