By now, you’ve probably heard about 25-year-old wunderkind Leopold Aschenbrenner. After graduating as valedictorian from Columbia University at age 19, he worked for FTX, the crypto trading firm, then found his way to OpenAI, where he worked as a researcher for about a year, until mid-2024. In the [...]
Managing risk in a bull market
After years of heady gains in the stock market, many investors are facing the same question: To manage risk, they’d like to cut back on one or more of their holdings. But because of the potentially costly tax bill that might result, they aren’t sure exactly how to do that. How can [...]
Social Security Misconceptions
At first glance, Social Security appears straightforward. During our working years, we pay into it, and in retirement, it sends us a monthly check, guaranteed for life. Unfortunately, it isn’t always so simple. Below are five aspects of the system that are frequently misunderstood. Benefits [...]
A clock with no hands
Near my office, there’s a storefront with a sign that reads “Psychic Advisor.” Is that the best place to turn when facing financial decisions? Probably not. But given the market’s unpredictable nature, investors often ask how best to make decisions in the face of uncertainty. One approach is what’s [...]
Helping helpfully
A topic that’s been in the news recently is the so-called K-shaped economy. Imagine a chart plotting the relative standing of those with higher incomes compared to those with lower incomes over time. Owing to a strong stock market and rising home values, the shape of the chart for folks with higher [...]
