Less Is More

Less Is More “If you want good investment performance forget you have an account.” –Myles Udland 02-01-2021 Thoughts as we hunker down for the storm: Before you totally dismiss Udland as being a lunatic who has lost his mind check this out. Fidelity Reviewed Which Investors Did Best And What They Found Was Hilarious Fidelity …

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Buffet Proven Right Again

Buffet Proven Right Again “It won’t be the economy that will do in investors; it will be investors themselves.” –Warren Buffett 01-25-2021 The folksy wisdom of Buffett was on full display in 2020. I recently analyzed Dimensional Fund Advisors year end review of the capital markets. The chart below was the key takeaway for me. …

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Bogle’s Investment Formula

Bogle’s Investment Formula “The winning formula for success in investing is owning the entire stock market through an index fund, and then do nothing. Just stay the course.” –John Bogle 01-19-2021 Truer words were never spoken John. As easy as this formula for success seems, most investors choose to ignore it. Many investors are driven …

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Favorite Stock Market Cartoon

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. …

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An ‘Aha’ Moment

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 …

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Words of Wisdom From Booth

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. …

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Win Win

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 …

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