Mickey Kim: MIT’s ‘Beer Game’ explains panic’s impact
COVID revealed the fragility of the global supply chain; when it’s broken, it’s all over the headlines. When you can’t get what you want, it’s all you think about.
Mickey Kim
Articles
Mickey Kim: Don’t be spooked by fears of another ‘taper tantrum’
As the calendar flips to October, investors will face various scary “ghosts and goblins,” including the collapse of one of China’s largest real estate developers (China Evergrande Group), the recurring brinksmanship over raising the debt ceiling to forestall a government default/shutdown, and the Federal Reserve’s removing pandemic-related emergency measures.
Mickey Kim: Will ‘disruptive innovation’ prophet’s flock need an ‘ARK’?
ARK Innovation was up a stunning 147.8% in 2020 (versus the S&P 500 total return of 18.4%), which led to Wood’s assets under management surging from less than $10 billion at the end of 2019 to almost $85 billion today.
Mickey Kim: Confusing speculating with investing is hazardous to your wealth
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”).
Mickey Kim: Stay cool even while inflation fears run hot
The nearly total shutdown of an economy and subsequent reopening is a truly unique event without precedent or a playbook.
Investing: Bitcoin skyrocketed, but is it ‘digital gold’ or ‘fool’s gold?’
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.
Mickey Kim: Mr. Spock would find ‘SPAC-mania’ totally illogical
Unlike regular companies, SPACs are “shell companies” with no commercial operations at the time of their IPO.
Mickey Kim: Bond investors face a statement sticker shock in first quarter
This was the worst quarterly performance for the UST market in more than 40 years.
Mickey Kim: ‘Commission-free’ trades a toxic combo for young investors
Protect yourself by always being skeptical of financial advice, particularly the version posted online.
KIM: Has GameStop ‘flash mob’ changed rules for investing?
When the memes stop, the excitement fades and the GameStop mania has run its course, what will be left is the underlying business.
Mickey Kim: Pandemic reinforces truths of market volatility, forecasts
Successful investing is simple but not easy. Patience and discipline are virtues because they aren’t easy, yet they are essential for your success.
Mickey Kim: Plan ahead so that chaos, conflict, cost aren’t part of your legacy
Failing to plan for your end of life or incapacity can add unnecessary suffering for your loved ones during an already traumatic time.
KIM: This Thanksgiving, invest in a K-12 classroom project
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.
KIM: ‘Rich’ is different from ‘wealthy,’ and time is key to success
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.
KIM: COVID ‘K train’ further splits haves, have-nots
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.
KIM: Greed turns day traders’ ‘Kodak moment’ into nightmare
The three-day, $2-to-$60 rocket-ship ride for KODK speculators proved to be short-lived.
Mickey Kim: Don’t let partisan political storm crash your portfolio
Your financial future will depend far more on how much you save and invest than on who wins the election.
KIM: To understand stocks’ wild swings, think of it as a ‘Spock market’
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.
KIM: ‘Tail-end consequences’ can devastate the unprepared
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.
KIM: Dreams of Beverly Hills crushed as oil crashes below zero
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.