Watch Now Listen Now The stock market’s long-term record is one of the biggest reasons investors are told to stay invested. But that record hides a surprising reality: the typical individual stock has not delivered anything close to the market’s overall return. In...
Listen Now Being Smart Does Not Save You From Bias Humans didn’t evolve for investing. Our brains are built for survival — notice a pattern, make a call, act. On the savannah, hesitation could get you killed. In markets, that same wiring pushes you to do the exact...
Listen Now Why So Many Investors Think Investment Management Is a Commodity I’m a bit worried this episode is going to annoy some people, but I feel strongly that investment management is not a commodity. And I understand exactly why smart people think it is....
The primary purpose of bonds is to reduce overall volatility of the portfolio, but as we are seeing today, that doesn’t mean they can’t lose money. Understanding how bonds work is important because it can help you feel more confident in this part of your portfolio and...
The future is unknowable, and there are risks inherent to that. Our success in managing those risks will determine our success in investing. With markets hovering near all-time highs and interest rates beginning to rise, it has never been more important to understand...
