Stock selection is hard because leaders change hands. 25 years ago Apple was nearly bankrupt – and if it wasn’t for Microsoft’s last-minute investment, it would have gone under. Now it is the largest company in the world (by market cap). This is one reason that academics (and evidence-focused advisors like me) suggest that owning

Read More

Featured Articles: Good Writing From Around The Web Fast Unicorns Frequently Fade   The problem with rat races is they are full of rats. An Epidemic of Delusions   I’m always pretty happy when philosophy gets presented as the hero… especially when it may be true. The Right Way to Be Introspective (Yes, There’s a

Read More

I was on my podcast partner’s other podcast… this is the result!!! ABOUT THE EPISODE In real estate investing, lack of financial literacy is deadly. Investors who don’t have a fundamental understanding of basic financial concepts like risk tolerance and return expectations are destined to make costly mistakes… or worse, to go bankrupt! But it’s

Read More

Featured Articles: Good Writing From Around The Web Kevin Kelly: The Case for Optimism   MORE reasons to hold tight to optimism. Discover the Best Graduation Speeches   As a huge fan of the standard commencement speech genre, I happen to love this link. Take your pick… A Fitness Guide to Preventing Dangerous Falls in

Read More

I’m reading David Brook’s “Second Mountain.” We spend the majority of our lives – we get out of school, we build a career, we save and invest – climbing the first mountain with the goals that our culture endorses. We seek success and personal happiness. We get to the top of the first mountain, as

Read More

Featured Articles: Good Writing From Around The Web The World is Awful. The World is Much Better. The World Can Be Much Better.   Hold these three true thoughts in your mind at the same time –without suffering cognitive dissonance or stimulating an outright conniption. Incentives: The Most Powerful Force In The World   If

Read More

Featured Articles: Good Writing From Around The Web Historical Roots of Economic Disparities for African-Americans   A critical prerequisite for financial success is trusting the system. Racism and systemic racism have reasonably reduced trust. This is one reason Mindful Money is focused on reducing the racial wealth gap. Your Explanations Are Not True   Always

Read More

When they were little, we paid for things for them, but they got used to hearing “No.” Kate was far better at this than I was. I always wanted to give them everything they wanted. So, I needed tools. There are all kinds of tricks to curb a child’s desire for a thing. My favorites

Read More

Many clients have lost loved ones over the years – parents, partners, kids, and siblings. We can’t understand the devastating life-altering effects on those who are left until it happens to us. What do you do with an open wound that you know will never close? Thank you Diana and WealthManagement.com for the opportunity to

Read More