Software Hasn’t Eaten the World, Yet
Software Hasn’t Come Close to Eating the World The programs that were supposed to be fun, smart and make our lives easier are so...
Why 1987 Crash Comparisons Fail
Echoes of the Black Monday Crash of ’87 There are things to learn from that debacle. Just don’t overdo it. Bloomberg, October...
“Unprecedented” Trump Rally Lags Rest of the World,...
There’s Lots of Precedent for the Trump Rally Market gains since Election Day have been nothing out of the ordinary. Bloomberg,...
Vanguard is About Much More than Low Costs
Understanding What Makes Vanguard So Successful Low costs help, but that’s only part of the explanation. Bloomberg, October 12,...
Debating Passive Versus Active Investing
Passive Versus Active Investing: A Debate Investors think they’ve been burned by stock-pickers, though much of the harm is...
Richard Thaler (and Behavioral Economists) Get Their Due
An Economics Heathen Wins the Economics Nobel Richard Thaler’s prize was long overdue. Bloomberg, October 9, 2017 ...
Can We Please Have an Honest Debate About Tax Policy?
Three Important Points About the Republican Tax Plan Accelerated depreciation would boost growth. Pass-through treatment for business...
Too Much Cash, Too Few Opportunities
Too Much Wealth Chases Too Few Opportunities Prices will rise and all will seem fine, even as markets lay the groundwork for a crash....
How Can You Find the Best-Performing Stocks?
So Few Market Winners, So Much Dead Weight Just 4 percent of publicly traded companies account for all of the gains. Bloomberg, September...
No, This Is Not the Second Longest Bull Market Ever
There’s Nothing Old About This Bull Market Claims that it’s the second-longest ever don’t hold up Bloomberg, September...