Here is a great summer investment management analogy. I worked very hard on this one. Imagine you are alone in a sailboat on the water. How would you determine where you want to go? Obviously, you can’t control which way the wind blows. But you can control how you...
One good thing about having two recent college graduates in the family is that you have conversations about the great books they have read and wrote papers on for their classroom assignments. In the last couple of weeks, I read the book by Daniel Kahneman titled...
The citizens of the world have heard more about models in the last few months than at any time before. Epidemiologists had faith in their models in order to change human behavior that helped stop the deadliest disease of our lifetime from spreading. Mutual fund asset...
One of the biggest misconceptions that individual company 401(k) retirement plan participants suffer from is that they belief that they need to guess at the stock and bond market tops and bottoms in order to be a successful long-term investor. That is not true at...
After a review of their March 31, 2020 quarterly retirement plan account statements, more individual investors are considering the investment advice option. Every week I talk with individual company 401(k) retirement plan participants. However, due to the coronavirus,...
If you are looking for me to make a solid prediction of a meaningful stock market bottom, I am going to disappoint you. The financial services media is full of investment advisors more qualified than me to provide those forecasts. Right now, there are two important...