A picture, as the saying goes, is worth a thousand words. Over the years, I’ve found certain images and illustrations to be immensely helpful in discussing investment concepts. These are the ones I’ve relied on most: Only in Australia. A key challenge for investors—if not the key challenge—is [...]
Investment advice from the CIA
The Central Intelligence Agency knows a thing or two about gathering information. That’s why a CIA publication titled The Psychology of Intelligence Analysis is, in my opinion, a valuable resource for investors. Of particular note is a section titled “Do You Really Need More Information?” which [...]
The route to financial happiness
In the world of personal finance, there’s no shortage of formulas and frameworks for making financial decisions. But it’s also important, I think, to see these as guidelines rather than as rules. Consider, for example, the textbook view on the connection between money and happiness: What the [...]
Good Choices
Economist Harry Markowitz, who passed away recently, invented a new approach to investing. Known as modern portfolio theory, it offered investors, for the first time, a logical approach to building portfolios. How much should you hold in stocks vs. bonds? Markowitz could tell you precisely. But [...]
What’s new
A few years back, I related a story about the comedian Joan Rivers. Her daughter, Melissa, likes to joke that her mother was always very consistent. Wherever she was, she would always drive at 40 miles per hour, whether it was on the highway, in a school zone or in the driveway. This is funny, [...]
- « Previous Page
- 1
- 2
- 3
- 4
- …
- 13
- Next Page »