Experiments show we are hard-wired to let our emotions steer financial decisions, often in the wrong direction...
timeless advice, wisdom and strategy
“It’s not too much of a stretch to say that we’re in a race between how much wealth and value and improvement in lifestyles human ingenuity can create versus how much destruction of wealth and lifestyles governments can destroy.”...
Following up on my recent post, New Research on All-in Funds, I thought it would be informative to show how this plays out in the real world.
Young students coming out of business school invariably ask me, "What is the one thing I must master to achieve success in the investment world?"
It is gratifying that Eugene Fama and Robert Shiller won the Nobel Prize in economics last month because these scholars have had a formative influence on my investment thinking over the years, but their theories are contradictory... Which one is right?
These are notes from the book I wish I’d written. It pretty much says it all. The path of the author, Gordon Murray, mirrors my own high-flying experience on Wall Street and subsequent epiphany about the right way for individual investors to find investment success.