As the stock market continues to reach new highs, it’s tempting to think about the possibility of buying and selling at just the right moment. Here’s a dirty little secret that most of the investment industry doesn’t want you to know: Time is more important than...
A factor is a characteristic or trait that explains portfolio returns. Implementing a factor investing strategy means targeting securities with characteristics that you’d expect to generate different returns than you’d earn from owning the entire market. For example,...
Investing is a zero sum game in which individual investors frequently end up on the losing side, but that doesn’t have to be the case. I believe individual investors have significant advantages if they would only simplify the game. I’ll explain through the context of...
How much does the cow in the picture below weigh? NPR’s Planet Money asked the internet this question and got 17,205 responses. The average of all the responses was 1,287 pounds and the actual weight was 1,355 pounds. The average was off by only five percent....
Every investor ought to have a set of core investment values to guide their thinking. Long time readers of my e-newsletter probably have a good feel for mine, but I’m still relatively new to the financial blogosphere. In that spirit, here are some of my core...
