Get-Rich-Quick Schemes do not work! The only way to grow your nest egg is slowly but steadily.
…is themselves. That’s right, the single largest risk to investors is themselves. By that, I, of course, mean the influence of human emotion and psychology in decision making. It seems quite clear to me that humans are uniquely wired incorrectly for long-term…
At the beginning of each year, there’re many pundits, experts, self-proclaimed gurus, and other suspicious characters who’d like to sell you stuff predicting the directions of the Stock Markets. As I personally have ample years of experience in the Stock Markets…
It’s that time of the year again, when avalanches of New Year’s resolutions are launched with idealistic plans for drastic self-improvement in 2016. We resolve to quit drinking, smoking, or both. We resolve to help others and to spend more time with our friends and…
Could we both agree on the following notion? That, in the investment field, there is no one instrument that can perform all the time, and that there is no one who can say with certainty—in advance—which instrument would perform best. The future is uncertain and markets are random. As such, what Harry Markowitz…
I can literally envision all you regular readers rolling your eyes at yet another “brainy” post and thinking: “Tacomob, haven’t you written more than enough about the brain already? Isn’t there some other topic on your mind?” Of course there is, and that’s why I am…
Do you know what is the central element of good decision-making? It is actually one’s ability to manage delay. Yes, our ability to think about delay is a central part of the human condition and it’s a gift, a tool that we can—and should—use to examine…
This is the tendency to fail to incorporate prior known probabilities which are pertinent to the decision at hand. Caution: Don’t read on if you are 40 years of age and above! Here’s an interesting question for the rest of you: Why aren’t more young people…
I beg your pardon? Did you just answer with a Yes? That is great, because that proves that you are human and/or a human being. Did you know that the human being is the only animal that thinks about the future? We—human beings—think about the future…
It’s not so easy to be active in the stock market. Because when people I meet learn that I make my money predominantly from the abundant stock market, they—more often than not—flood me with questions on my prediction of the future trends and…
1) Next Tuesday: Before a purchase, take the time to consider what you’ll be doing, from morning to night, this coming Tuesday. How will this purchase affect you on Tuesday? This simple exercise—thinking about time used on a specific day (you…