Clik here to view.
Book Review: The Intelligent Investor
I never intend Bankers Anonymous as a “How to invest” site,[1] but B$A readers may safely approach The Intelligent Investor as a “How Not to Invest,” a more profitable set of rules in the long run, in...
View ArticleClik here to view.
Book Review: Black Swan – The Impact Of The Highly Improbable
The “Black Swan,” of Nicholas Nassim Taleb’s title, describes an event that occurs completely outside expectations, has an enormous impact on future developments, and can be explained only in hindsight...
View ArticleClik here to view.
Who Killed Fund Performance? We All Did!
Essay Review of “Murder on the Orient Express – The Mystery of Underperformance” Once in a while I read something which crystalizes for me – with data and arguments better than I could hope to make –...
View ArticleClik here to view.
Ask an Ex-Banker: How to Invest Unexpected Cash
A friend asked me recently for investment advice. I sent her my thoughts by email but couldn’t resist making it into an “Ask an Ex-Banker” post. Question: My daughter got caught in the housing...
View ArticleClik here to view.
What Should I Think About The Twitter IPO?
How to think about the Twitter IPO What should I think about the Twitter IPO? Mostly you should think about Las Vegas, Nevada, as a number of important analogies apply here.[1] First – The Poker Table...
View ArticleClik here to view.
Guest Post – Annuities Are Expensive
Annuities are an important and sometimes dominant part of the investment portfolio for millions of savers. While in certain instances there is a requirement for pension scheme participants that they...
View ArticleClik here to view.
Ask an Ex-Banker: Algorithmic Trading
A version of this post appeared in the San Antonio Express News Dear Mike, I spotted something on algorithmic trading on your blog, and finance and investment are a bit of a hobby of mine. I am sending...
View ArticleClik here to view.
Not A Fan Of Socially Responsible Funds
A version of this post ran in the San Antonio Express News. I want to be wealthier. I also want to be a good person. A friend – someone who also wants these two things – recently asked if I could...
View ArticleClik here to view.
Stupid Smart People
Note: A version of this post appeared in the San Antonio Express News My wife and I headed East on I-10 recently to visit our New York City friends Jay and Nina – another married couple and their kids...
View ArticleClik here to view.
Sin and Profit
Jason Zwieg at the WSJ provides interesting data today on the relative returns of ‘socially irresponsible investing’ (my own phrase). I recently wrote that I could not recommend to a friend any...
View ArticleClik here to view.
Five Bad Reasons To Invest The Way You Do
This past month I taught an adult education course on investing. I began the first session with a discussion of the following question: “What are we really trying to do when we invest?” I’ll conclude...
View ArticleClik here to view.
Now How Much Would You Pay? Comparing Fund Costs
A wise man wrote about investing: “performance may come and go, but costs are forever.”[1] Let’s explore a bit how big these cost difference really become for your investment portfolio. As a starting...
View ArticleClik here to view.
A Road Runs Through It
I had a weird thing happen to me recently that prompted thoughts on real estate investing, “eminent domain,” and BIG GUBMINT. I (re-)learned that what you don’t know might hurt you, and also what you...
View ArticleClik here to view.
Texas Wants Its Own Fort Knox Because…
Now that the holiday season is behind us, you’re probably wondering where to store all of your gold ingots, lumps of physical gold, and bars of gold bullion. The struggle is real, amirite? Never fear,...
View ArticleClik here to view.
Stupid Smart People
Note: A version of this post appeared in the San Antonio Express News My wife and I headed East on I-10 recently to visit our New York City friends Jay and Nina – another married couple and their kids...
View Article
