There’s a lot of overvalued financial advice out there these days. Don’t drink lattes or you’ll never be able to save for retirement. You should make your own toothpaste to save more money. Just follow my simple system to get the highest interest rate on your savings account. There’s nothing wrong with cutting back, being…

In 1995, Pixar was on a rocket ship growth trajectory. Toy Story came out in November of that year to rave reviews and made more money than almost anyone thought was imaginable. It was the first full-length animated film done entirely using CGI and ended up grossing over $360 million worldwide. The team at Pixar…

I saw a meme floating around social media recently that read: LIFE IS TOO SHORT TO READ FICTION I disagree. I probably read more non-fiction than fiction but here are a few reasons why I like to balance things out with a little of each: Storytelling is important. Sociologist Murray Davis wrote a research paper in the…

“This market is rolling simply because it’s rolling.” I love learning about market history but often times you’re reading a historical account which was pieced together many years after the fact. I like reading what people were thinking and feeling at the time to get a sense of how investors handled their business in the…

In his latest memo, Oaktree Capital’s Howard Marks opined about ETFs and their liquidity profile: If you withdraw from a mutual fund, you’ll get the price at which the underlying stocks or bonds closed that day, the net asset value or NAV. But the price you get when you sell an ETF — like any security on…

Morgan Housel wrote a great post this week about Useful Hacks. Here’s an example I liked: Writing hack: Write every day for years. I’m often asked by people on how they can improve their writing or blogs or client communications. This is pretty much it. Write more. I’m all for efficiency but at a certain…

On this week’s Animal Spirits with Michael & Ben we discuss: Are Jack Bogle and Vanguard actually underrated? Why closet indexing will never die. Why money is flowing out of growth funds even though they’ve outperformed. How much should 35 year-olds have saved for retirement? How different demographics define the term “wealthy.” Why “thinking outside…

On this week’s Animal Spirits with Michael & Ben we discuss: Is it time for Sell in May blog posts to go away? By 2020 the top 10 most common ages in the U.S. will all be between 26 to 35. Will Millennials and HGTV cause the next housing bubble? Are tech stocks a micro…

Erwin Schrodinger won the Nobel Prize in physics back in 1933 for his work on quantum theory. Schrodinger is most widely known these days for a theoretical experiment he described about a cat in a box. The experiment went something like this: what if you placed a cat into a box with a hammer, a vial…

On this week’s Animal Spirits with Michael & Ben we discuss: Why the next recession won’t look like the last one. Why investors are always fighting the last war. Is it now contrarian to predict higher expected returns? What could cause the future to look better than the past in the markets? The staggering growth…