Nobody Knows Anything, John Wick edition
I first wrote about the novelist and screenwriter William Goldman, and his delightful book, “Adventures in the...
Mind the Gap
Morningstar blames “mistimed purchases and sales;” Carl Richards calls it the “Behavior Gap.” Vanguard’s Fran...
Investing is the Study of Human Decision Making
Most people believe that investing is the science of generating a return on capital. That is an accurate but incomplete...
Transcript: Cass Sunstein
The transcript from this week’s MiB Cass Sunstein on Decision Making, is below. You can stream and download our full...
MiB: Cass Sunstein on Decision Making
This week, we speak with legal scholar Cass Sunstein, who founded and leads Harvard Law School’s Program on Behavioral...
Pix vs. Flix
There is a particular type of analysis I keep seeing, one that easily misleads investors. Typically, it starts with an important,...
Nobody Knows Anything, Calvin & Hobbes edition
Previously: Nobody Knows Nuthin’ (May 5, 2016) Can Anyone Catch Nokia? (October 26, 2022) Why the Apple...
What’s Wrong With Macroeconomic Uncertainty Indexes
I love FRED — I am a big user of their charts and data (and even their swag). Where I go full heterodox are in things like...
Round Trip: Lessons From the 2022 Bear Market
After a monstrous 68% recovery from the March 2020 pandemic low, and another nearly 30% gain in 2021, markets decided to...
More Sentiment Nonsense
It’s a summer Friday and nobody has the patience for a long rant about whatever foolishness is bothering me today. So instead, a...