Sometimes the most surreal things happen. For example, anyone who remembers the 1980s tennis prodigy Boris Becker may be shocked to learn that last month, in a London courtroom, Becker was declared bankrupt. After winning Wimbledon and countless other tournaments, Becker's personal fortune was [...]
Does the market “know” anything?
Yesterday saw an odd juxtaposition. In Washington, the Senate conducted hearings into allegations of misconduct inside the White House, with potentially serious implications. Meanwhile, on Wall Street, no one seemed to mind very much. In fact, the market hit a new all-time high on Thursday [...]
Warren Buffett’s best advice
In a classic episode of the TV show Seinfeld, Jerry and his friends invoke the term “bizarro” to describe an odd, alternate version of their own world. This term — bizarro — actually originated in the 1960s, in Superman comics, and it has entered popular usage to refer to any situation which seems [...]
The most over-compensated profession in the history of the universe
In a recent article for the personal finance website Humble Dollar, I discuss the reasons why I started Mayport and why I am so excited about the potential to save money for consumers. [...]
An investment poem – yes, a poem
Albert Einstein once said, “Everything should be made as simple as possible, but no simpler.” The investment industry, however, seems to subscribe to a different motto: “Make things as complicated as possible, and then complicate them a little bit more.” Wall Street salespeople talk about alpha (a [...]
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