When the fear of being in morphs into the fear of missing out.
Behavioral Finance/Psychology
The Problem With High Expectations
The tug of war between complacency and contentment.
Risk Is Never as Simple as It Seems
Why I don’t use my garbage disposal anymore.
The Hardest Investing Questions to Answer
The 5 hardest questions to answer in all of investing.
The Battle of the Bubbles
How the South Sea bubble created the original blank check companies.
The Greatest Danger Investors Face
Benjamin Graham on the most dangerous place to be as an investor.
Wealth Inequality & Lottery Tickets
How prospect theory explains a new army of day traders.
Joe Granville: The Original Dave Portnoy
When it became apparent sports weren’t coming back for a while in early-March, I joked that ESPN should become a financial network until they returned. It wasn’t Stephen A. Smith but Dave Portnoy of Barstool Sports who made the pivot to trading stocks. This makes sense when you consider how many people there are who…
The Air Conditioning Effect
Of all amazing leaps forward in household technologies in the early-to-mid-1900s — automobiles, radios, televisions, refrigerators, washer/dryer, dishwasher, etc. — the most underrated might be air conditioning. I have been thankful for air conditioning every humid Michigan summer day of my life. I can’t imagine how people ever lived without it. Using cold as a…
When Should You Sell Your Stocks?
5 reasons for selling out of the stock market.
