It All Goes Back In The Box “Then it all goes back in the box.” –John Ortberg 01-11-2021 How much is enough? Money can take control of our time and life – if we let it! Chances are we will all run out of time before we run out of money. It’s important to find …
2020 Did Bring Some Good News “Be a little grateful for what we have.” –Johan Norberg, historian 01-04-2021 Was 2020 the worst year ever? According to the media the answer is a resounding YES. Let’s not forget, the media seeks out problems. Good news rarely makes the news. Let’s start 2021 by taking a look …
Favorite Stock Market Cartoon “One of the funny things about the stock market is that every time one person buys another sells, and both think they are astute.” –William Feather 12-14-2020 There’s an important truth about the stock markets hidden in what Mr. Feather points out. There is perfect equilibrium in the market every day. …
An ‘Aha’ Moment “In an efficient market, at any point in time, the actual price of a security will be a good estimate of its intrinsic value.” –Eugene Fama 12-07-2020 Eugene Fama is considered the father of modern finance. He brought science to the world of finance and investing. He is best known for his …
Words of Wisdom From Booth “I don’t obsess over the short-term ups and downs of the market. I want to make sure I stick around to capture the long-term ups.” –David Booth, Executive Chairman, Dimensional Fund Advisors 12-01-2020 For my money, Booth is one of the smartest and most successful people in the investment business. …
Win Win “The potential for the reduction of conflicts of interest, or the appearances of them, is all for the good.” –Ron Lieber, NYT financial journalist 11-16-2020 Lieber had an interesting article in the NYT over the weekend. He believes that members of Congress should sign a pledge that they can’t own individual stocks. Up …
Light At The End Of The Tunnel “We have embarked on a path and a goal that nobody ever has achieved – to come up with a vaccine within a year.” –Kathrin Jansen, head of vaccine research and development at Pfizer 11-09-2020 Finally, some real promising news on the covid front. Pfizer announced today that …
Which Is More Democratic? “We don’t need Socialism because we already have something more moral and more democratic – it’s called Capitalism.” –Dinesh D’Souza 11-02-2020 Check out this video that Dinesh did for Prager U. This is a good one. He explains the difference between free-market capitalism and democratic socialism and which system is more …
Truth Not Certainty “Uncertainty actually is the friend of the buyer of long-term values.” –Warren Buffett 10-26-2020 People want the promise of certainty. It’s just part of our human make-up. You can find plenty of people in life and especially in the investment world that will try to sell you on the illusion of certainty. …
Moneyball and Investing “Bill James revolutionized the way we think about the game of baseball by assessing which factors are the most significant in determining the impact a player has on the outcome of a game.” –Larry Swedroe 10-19-2020 That’s right, Larry. James’ research found that a players on-base percentage and slugging average are more …