Speculators might or might not know anything about an asset but buy it on a hunch or because a celebrity is promoting it or because everybody else is buying it and it’s going up without me (“FOMO”).
The nearly total shutdown of an economy and subsequent reopening is a truly unique event without precedent or a playbook.
It’s hard enough to make money in things you think you understand, and it’s critically important to know what you don’t know.
Unlike regular companies, SPACs are “shell companies” with no commercial operations at the time of their IPO.
This was the worst quarterly performance for the UST market in more than 40 years.
Protect yourself by always being skeptical of financial advice, particularly the version posted online.
When the memes stop, the excitement fades and the GameStop mania has run its course, what will be left is the underlying business.
Successful investing is simple but not easy. Patience and discipline are virtues because they aren’t easy, yet they are essential for your success.
Failing to plan for your end of life or incapacity can add unnecessary suffering for your loved ones during an already traumatic time.
Since inception, DonorsChoose has raised over $1 billion from 4.6 million donors and funded 1.8 million projects submitted by 617,260 teachers from 85,043 public schools.
Rich is current income and easily seen in people’s car or house, either live or in their Instagram fairy tale. Wealth is what you don’t see.
The letter “K” is a vertical line with two 45-degree lines slanting from the middle, one upward and one downward, and unfortunately it best describes the paths of the economy and stock market.
The three-day, $2-to-$60 rocket-ship ride for KODK speculators proved to be short-lived.
Your financial future will depend far more on how much you save and invest than on who wins the election.
Much of the time, investors are rational and the stock market is understandable and makes intuitive sense, But when fear or greed takes hold of the steering wheel, anything can happen.
In probabilistic terms, a “thousand-year” flood might be a “tail-end” (i.e. extraordinarily low probability) event, but that doesn’t mean it can’t happen tomorrow.
Passively “managed” products can be fine, as long as they are just following prices in whatever market they are tracking. However, if they become big enough that they become the market and are the one setting prices, it’s dangerous.
Whenever uncertainty abounds, such as the present, the brain seeks to find some semblance of control—even if it is just an illusion of control.
Nobody knows how long and far the coronavirus outbreak will go or how it will end. In a global economy, near-term cash flows will be hurt, but cash flows going out 10 or 20 years will not be.
Whether you’re an NFL team trying to make it to the Super Bowl or an investor who wants to generate better-than-average long-term results, your odds of success are greater if you ignore conventional wisdom.
