Last week, I talked about bitcoin and argued that it wasn’t a great investment. The reality, though, is that only a minority of investors hold cryptocurrency. That’s a good thing, in my opinion. But still, there are many other ways to go off track in building a portfolio. In fact, if I ever wrote [...]
Crypto lessons
Since the beginning of the year, the stock market has dropped nearly 25%. That’s significant, but it doesn’t compare to the losses experienced by cryptocurrency investors. Dogecoin is down more than 90%, and smaller currencies like terra have lost essentially all their value. Even bitcoin and [...]
The storyteller’s toolbox
In the past, I’ve talked about Robert Shiller’s book Narrative Economics. Shiller argues that stories can be a powerful force in moving markets—more so even than facts or data. Recently, I gained a better understanding of why that’s the case. I was speaking with a fellow who, it seemed, I [...]
Dogma
n 1954, Harry Markowitz was a graduate student in economics at the University of Chicago and had just finished defending his thesis. Most of the committee accepted his work. But Milton Friedman, an economist with a national reputation, and easily the most influential member of the economics faculty, [...]
Inflation fears—and solutions
In the investment world, inflation is the topic of the day. There are at least four reasons for this: Congress - Since March of last year, the federal government has dropped more than a trillion dollars of cash into the economy via stimulus checks and the Paycheck Protection Program. While many [...]
