The Myth of Portfolio Diversification
What Happens When Everyone is Wrong? If everyone is telling you the same thing, but that thing is actually not true, how are you going to figure out that that one thing is actually hurting you? Take the Harvard or Yale Endowment. A lot of people look to this as the standard for successful investing.…
Do You Have A Plan B?
Happy Memorial Day Weekend to everyone and especially to people who’ve had loved ones die in wars or while on active duty. My dad spent three years in the Army during the Berlin Wall years. Still to this day, I love hearing stories about his time spent in France and Germany fixing NATO site locations…
Valuations And This One Thing Are Killing People’s Futures
The definition of grief is deep sorrow, especially caused by death. The five steps of grief are: 1) Denial and Isolation 2) Anger 3) Bargaining 4) Depression 5) And finally, Acceptance These stages are universal and are experienced by men and women, the old and young, the rich and the poor, Jews and Muslims, Democrats…
The Pet Rocks of 21st Century Investing
As robo-advisers, alpha-funds, and balanced-funds become the pet rocks of the internet age of investing – cute but no value – the world is turning to the approach that will change the way people view their investment advisers… Namely… “Probability Investing” is what the internet age brought to investing in 1996 when Netscape IPO’d and…
Stock Market Lifetime Highs And The Wisdom of the Crowds
From Hoarder to Minimalist 1997 was a big year for me. A lot of things changed in my mind, behavior, and attitude. I was in Hong Kong when it got handed back to China. I stopped watching the news. I was introduced to meditation in general. I became a minimalist. Before 1997 I was what…
The War Machine Is Starting Up… Are You Prepared?
Prepare yourself because you are about to get hit with the “War Machine” in the next few weeks. You see the billion-dollar story-based pick-of-the-month newsletter has their sights set on your amygdala. And they are going to hit it hard in the following weeks. But if you know how to run counter terrorism against this industry you…
Are You Following The Money Or the Policy?
Would you agree that common sense changes? Like how it’s common sense today for doctors to wash their hands before operating. Or how it’s common sense for pilots to have a “take-off” checklist. Or how it’s common sense to workout if you want to have a healthy life. And you know that the above three…
Are You Running Out Of Runway?
I have three numbers for you… The first one is 11.4… The second one is 10.6… The third one is 11.4… This weekend’s podcast is about a question from a perspective client. He asked me “what I’m most worried about?” I loved this question because it allowed my brain to go the place that holds…
This Has Happened Before Every Market Correction…Seriously.
The Definition of Greed The definition of greed is an intense and selfish desire for power. We’ve been taught that people are either greedy or fearful in the world of investing. Heck even Warren Buffett, the grandad of every investment quote has said, “Be fearful when others are greedy and greedy when others fearful.” [optin-monster-shortcode id=”i72q7lv1bxf4vi8trgun”] Okay. So what does “intense” “selfish”…
If You Are Between 52 to 72 This Might Be Killing You.
There’s a cycle that is killing people’s futures. It’s the cycle that moves them between buying at a high price because they have a fear of losing out, and so they buy. And then the price starts to fall and they have the fear of losing money, and so they sell. It’s a cycle that moves…
