What Great Investors Are Made Of
Lately, I’ve been thinking about great investors and what they’re made of. Are there any similarities? Or commonalities to study? I want to share my first draft here and get as much feedback as possible. At the bottom, you can find my inspiration for this post. Let me know what you think. One – Great…
My Thoughts on Fake News
I’ve spent the last 10 years working in social networks and the digital world. I like to think that I’ve seen quite a bit. I also think about how lucky I am — my first job, in 2012, was at a social media company. I had no idea at the time this digital world would…
Joe Kennedy and Stock Market Crashes
When the market crashed in 1929, Joe Kennedy completely avoided it. He sold everything days before markets plummeted. Then, he took his money and bought assets at the lows several months later, increasing his wealth by more than 10X. How did he do it and what’s the real story? In this post, we examine the…
80 Things I Learned About Markets in 2019
What you are about to read first appeared on my Medium page here. But, I am resharing it on my blog for those who missed it. Enjoy! Each year I do this, I’m reminded of how little I actually know. I think it’s important to accept and reflect on that reality. Someone recently said to…
Charlie Munger’s Secret
Everyone asks for help. It’s natural and it’s important to learn from others. But, I also think you can’t ignore what it requires to have true mastery of any one thing. It’s built on an attitude of doing and a belief in your own ability when there’s no one to get help from. That’s usually…
Investing in the Things You Know, Staying Away from the Things You Don’t
I recently read about a cryptocurrency ponzi scheme. In total, this scheme managed to scam people out of $722 million. The scheme was simple – they promised investors massive returns if they just gave them their money. Here are a few details: “The indictment describes the defendants’ use of the complex world of cryptocurrency to…
The Subscription Bubble
A Subscription for Everything I am subscribed to a few strange things that I don’t use anymore and probably won’t use ever again. Thirty years ago, this first-world conundrum was probably a little less common. To subscribe, you paid with cash or by mailing out a check before the deadline. The whole process was harder.…
My Thoughts on Wealth Inequality and the Fed
It’s All About Assets I think people have this idea in their minds about what wealth inequality means. I have come to believe that they think, what it means, is that these super rich people have bank accounts stuffed with cash. That these people have millions and billions just floating around for quick and easy…
A Record Number of Millionaires
I was surprised to read something about Fidelity the other day. It was a fact they decided to leak out to the public. What they said was, based on all the 401k accounts on their platform, they’ve set a new record for millionaires within their customer base. That’s just Fidelity. And that’s just 401k accounts.…
When It Rains in Markets
One of the more sobering things ever said about the stock market is, “don’t confuse brains with a bull market.” When markets are rising, money is flowing, and capital is pouring into the lands of finance, it is easy to get carried away. Look over there! That is a genius investor. Or over there! That…
It’s Feels Crazier, But Maybe That Makes Sense
I think a lot of us have noticed this wave of people who keep saying things like, “the world is so much crazier today.” Or slightly different variations of that, but similar in meaning. Like, “politics are the craziest they’ve ever been.” Another one is, “it was so much simpler when I was younger.” I’ve…
Betting Against The War Drum
I have only bet against the market once in my 10+ years. I tried to go net short when the Federal Reserve first started reducing their balance sheet. Well, that was two years ago and the market is up about 30% since. I often joke with the people around me that, “what’s the point of…