“One might wonder if forecasters eventually get bored with being utterly wrong and would like to give up guessing the future.” – James Montier

John Authers from the Financial Times had a great story last weekend on state of the fund management industry. This chart garnered a lot of discussion on social media:

“In the stock market, value standards don’t determine prices; prices determine value standards.” – Benjamin Graham

These were my favorite books I read in 2014. Finance/Business/Investing Young Money by Kevin Roose Roose did an amazing job capturing the current sentiment about two things I spend a lot of time thinking and writing about – the finance industry and Millennials. He spent a number of years interviewing the anonymous young subjects that…

“I believe in the discipline of mastering the best that other people have figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart.” – Charlie Munger I have a confession to make — I’m a hack. That’s right. I’m consistently stealing ideas from people who…

“It’s deja vu all over again.” – Yogi Berra Emerging markets are in turmoil once again as the price of oil and a rising dollar are causing major issues for a number of developing countries. Emerging markets go through periods of booms and busts on a regular basis, but it seems that investors forget about…

Be fearful when others are greedy and greedy when others are fearful. So easy to say but much harder to pull off in real-time.

“Short-termism is the tendency to make decisions that appear beneficial in the short term at the expense of decisions that have a higher payoff in the long term.” – Michael Mauboussin Tim Ferriss fielded some listener questions in his latest podcast one of them caught my attention: What is a trend you see developing that…

Mandi Woodruff posted an interesting chart on Yahoo! Finance this week on the leading New Year’s financial resolutions:   Save more money is consistently at the top of the list year in and year out, yet the savings statistics in this country are always terrible. This is because saving money is simple. Prioritizing is the…

In a speech to USC Law School graduates, Charlie Munger shared his thoughts about the problem with extreme viewpoints: Another thing I think should be avoided is extremely intense ideology because it cabbages up one’s mind. When you’re young it’s easy to drift into loyalties and when you announce that you’re a loyal member and…