What Happened To 2021’s Biggest Thrill-rides For Investors?
Like most people, I can get behind the idea of being rich. Filthy rich. Ideally right now. And if that’s due to a lucky YOLO bet on a stock going to the moon then so much the better. The problem is I’d have to be very lucky. Because I don’t even make those bets. No, I dutifully punch my…
30 One-Sentence Stories From People Who Have Built Better Habits
In this article, I’d like to share 30 “one-sentence stories” about building better habits. (They are not all exactly one sentence, but they are very short.) None of these stories are mine. They were sent to me by readers of Atomic Habits. My hope is that these examples will illustrate how real people are putting the book…
What The Universe Has To Say About Your 2022 Money Prospects
The future is often uncertain and after the unprecedented times we’ve had over the past two years there are many pinning hopes on 2022 being the year it all turns around—but will it? Yahoo Finance asked Manifestor Linda Willow Roberts for her thoughts on what the New Year will look like. More here – Yahoo Finance PS: My thoughts…
Mark Twain, Framing and Scarcity
In the second chapter of Mark Twain’s The Adventures of Tom Sawyer the protagonist is in a spot of bother. He has been involved in another scrap and as punishment is tasked by Aunt Polly to spend his precious Saturday whitewashing ‘thirty yards of board-fence nine feet high’. It seemed that a bleak day lay ahead for…
These Camels Weren’t Born With It
For those who feel they have heard everything. Saudi authorities have disqualified 43 camels from the King Abdulaziz Camel Festival in what’s being called the biggest-ever crackdown on camel beauty contestants in history, the Associated Press reported. The annual month-long festival sees the most beautiful camels competing for $66 million in prize money, with jurors scoring…
Half a Billion in Bitcoin, Lost in The Dump
If things had gone just a bit differently, James Howells might today be as rich as the Queen of England. The decisive moment, he now thinks, occurred one evening in August, 2013, when he was twenty-eight and at home with his family in Newport, a small city on the Welsh coast. Howells and his partner,…
YTD Performance
Two things have prompted me to post this. The year is drawing to a close and it is interesting to see where the big moves in commodities have been. The agricultural sector has lead the way. Apparently gold went up 0.03% last night which caused my Linkedin feed to light up with people once again…
Is the Correction Over?
Was that it? It feels ridiculous to ask, given that at the lows of last week, the peak-to-trough decline in the S&P 500 was just 5.2%. It feels ridiculous to ask, given that at the lows of last week, the market was still up 21% YTD. But it is a reasonable question, given that stocks have aggressively…
Among Social Scientists, A Vigorous Debate Over Loss Aversion
WHILE MOST PEOPLE have likely never heard of loss aversion, the concept — arising in the social sciences some four decades ago — is among the most influential in the behavioral sciences. In a nutshell, it holds that when people make decisions, the impact of losing something carries greater weight than the impact of gaining something of…
The Other Side of a Mania
“As Ben Graham said: ‘In the short-run, the market is a voting machine – reflecting a voter-registration test that requires only money, not intelligence or emotional stability – but in the long-run, the market is a weighing machine.’” – Warren Buffett (1993 Berkshire Hathaway Letter) More here – Compound
Apparently The World Is Ending….Again
Well, this looks bad….. Right up until you do this – It is interesting what a little bit of context with regard to short term noise does to our perception of events. I understand that that the somewhat overwrought financial media does need to fill column inches or whatever the internet equivalent is. I also…
