Last week, I described investing as a task that can be maddening. It’s not just investing, though. Many other questions in personal finance can also drive us crazy. Why is that? One reason is that often the stakes are high. Mistakes can be costly. A second reason is that all data, by definition, [...]
The designated driver of your portfolio
A while back, a Tel Aviv woman named Anat decided to surprise her elderly mother with a gift. Noticing that she had been sleeping on the same worn out mattress for decades, Anat replaced it while her mother was out one day. She then took the old one out to the curb. It wasn't until the next [...]
Bear Market Field Guide, Part V
In his most recent annual report, Berkshire Hathaway chairman Warren Buffett described an event that occurred at a Berkshire subsidiary last year: Late one night, a fire spilled over from a neighboring business, resulting in significant damage to the Berkshire facility, forcing it to shut down. [...]
Not-so-identical twins
Last year I wrote about Brook and Robin Lopez, twin brothers who both play in the NBA. In that case, I was drawing a parallel to investments that appear identical but have significant differences once you scratch the surface. In recent weeks, I've been getting a lot of questions about another set [...]
