Elections, the stock market, and what we can control

Yesterday, I stood in a very long line to cast my vote in the Super Tuesday Primaries (I now remember why I normally vote early). While waiting I found the “people watching” and eavesdropping fascinating. One of the common topics heard inside the polling place was, “how will the presidential election impact the markets”. In fact, it is one of the most common questions asked... Read More >

LinkedIn – A Reminder That Growth Stocks Entail Risk

LinkedIn reported strong earnings, beating analyst estimates. Beating the estimates usually is a catalyst for higher prices. But in this case it was what management said about the future that moved the stock. And move it did. LinkedIn lost over 40% of its value the next day... Read More >

How to Beat 98% of All Mutual Funds

I don’t know why I didn’t include this idea in my new book, but consider it a bonus chapter. How long have people known that Buffett is a great stock picker? After he closed his hedge fund in the 60’s? Or perhaps 10, 20 years later in the 1970s or 80s? Certainly by the 1990s, right? Almost everyone in the world knows that he is a great investor. Hell, he has to be to rank in the top 5 richest people in the world. So why don’t people simply follow along and ride his coattails?... Read More >

Noise, information, and stuff that is useful

“We’re in a moment in time right now where there is so much change going on in our industry, really revolutionary change, and I think for all of us this represents a massive opportunity... Read More >

Buy What You Love: A Smart Financial Decision

Eleven years ago, I needed a new bike. At the time, I rode a lot. I was in a big group of relatively competitive riders, and we’d often put hundreds of miles on our bikes each week. I agonized over what bike to buy, but I kept coming back to one made by a company called ... Read More >