Answers to Your Biggest Financial Concerns

“Hire an advisor because it is very hard to see the errors in your own behavior & it is easy to see the errors in someone else’s behavior.  Very few people need to hire advisors because of the size of their calculators.  They need an advisor to help them behave correctly.” – Carl Richards

Financial Envy

“Nothing obscures your financial judgment on investments more than the site of your neighbor getting rich.” – JP Morgan

How I Think About Stock Losses

“Unless you can watch your stock holdings decline by 50% without becoming panic-stricken, you should not be in the stock market.” – Warren Buffett Doug Kass posed a fair question on Twitter this week: The first thing that popped into my head was ‘younger investors should welcome regular market declines.’ I’ve been working in the…

William Bernstein on Diversification

“The good news is that in reality, risk and diversification are about what happens over the long haul, not during a punishing downturn like 2007-2009.” – William Bernstein In Skating Where the Puck Was, William Bernstein tackles one of the central tenets of any comprehensive investment plan — diversification. Specifically, Bernstein discusses correlation among the…

The Evolution of Investment Analysis

“The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.” – J.K. Galbraith Earlier this week I set out to define ‘This time is different.’ It’s a tough one to explain considering markets are always different because they’re complex, adaptive systems. But it’s never…

Defining ‘This Time is Different’

“The biggest investing errors come not from factors that are informational or analytical, but from those that are psychological.” – Howard Marks In John Templeton’s timeless 16 rules for Investment Success (published in 1933) he states: “The investor who says, ‘This time is different,’ when in fact it’s virtually a repeat of an earlier situation, has…

What if the Future is Better Than We Think?

“Humanity is now entering a period of radical transformation in which technology has the potential to significantly raise the basic standards of living for every man, woman and child on the planet.” – Peter Diamandis I’m a fairly optimistic person, but it can be difficult at times to keep a glass-is-half-full mentality when the majority…