I think most people would be surprised at how many times a couple comes to us for the first time to plan their retirement just months before they want to retire. It’s as if they woke up one day in October, looked at the calendar, and realized they want to retire in January with no …
Using Financial Physics to Lift Your Retirement Load Read More »
To put the stock market’s performance of late in perspective, the S&P 500 index has nearly doubled since 2019, up more than 90% in just three years. That’s despite the market suffering one of its steepest declines in history, erasing more than 30% from investors’ portfolios. But that historic event was followed by one of …
Investors’ Complacency Can Lead to Shattered Expectations—Then Watch Out Read More »
The World Today produces a Staggering Amount of Information, and 99% of It Is Meaningless Age-Old Wisdom Provides Contemporary Guidance With the advent of the digital age, information has grown at an astounding rate. Whole industries have been created around information: from data mining to algorithm development. Data has become one of the most important …
The Importance of Intentional Ignorance in Today’s World Read More »
Filed under “you just can’t make this stuff up,” a New Jersey deli, with total sales of $35,000 and zero profits over the last two years, went public in 2019 and now has a market capitalization of around $100 million. As one market observer cracked, “The pastrami must be amazing.” But it’s not. Its menu …
Gullible Investing: How a Sandwich Shop Grew its Valuation to $100 Million in Two Years Read More »
How long does the average investor buy and hold stocks? Inquiring minds want to know. Throughout my 26-year investment management career, I must have posed this question to other investors dozens and dozens of times. Why? Because I’m always interested in investor perception versus reality. You see, nine out of ten times I’ve asked that …
Over the last several posts, we’ve been discussing the different performance components of a company as a way to predict its investment performance. Evaluating a company starts with business performance, which is based on the decisions management makes over time on allocating its capital to grow profits. Business performance drives shareholder performance—that is, how much shareholders benefit from …
Investor Performance as the Key Driver of Investment Performance Read More »