Forecasting and Your Local Meteorologist

“Recognizing that the amount of confidence someone expresses in a prediction is not a good indicator of its accuracy – to the contrary, these qualities are often inversely correlated. Danger lurks, the in the economy and elsewhere, when we discourage forecasters from making a full and explicit account of the risks inherent in the world…

Enough.

“Every dollar you spend is a vote for what you value in life.” – Anonymous “I like the fundamental tenets — do unto others as you would have them do unto you, try to be a good citizen, do what’s right for the people around you.” – John Bogle

Rick Ferri on Stock Losses

“There is risk, there is return and there are costs, all else is marketing.” – Rick Ferri When I get sick of music or sports talk radio on my commute into work I often like to fill that time with podcasts. My iPhone plugs right into my car radio so it’s an easy change of…

How to Create a Bond Ladder Using ETFs

“Most investors are primarily oriented toward return, how much they can make and pay little attention to risk, how much they can lose.” – Seth Klarman Reader mailbag: Is there a way to create a laddered bond portfolio using bond funds instead of individual bonds? I can understand why bond investors would be looking at…