Author: Michael Melissinos

What Would You Rather?

Would you rather get shot from 50 feet or 500 feet? Intuition says 500 feet, right? Well, mine does anyway. Knowing nothing about weaponry or the physics of bullet travel, my intu-wishin’ wants to believe that it would likely hurt less and do less damage when getting shot from a much further distance. But then […]

The Curse of Survival

A young lion is majestic. A pure power look that you’d frame on the wall. But the young ones don’t have the scars of survival yet. They haven’t been battle-tested. They haven’t had to protect their young or territory against a rival pride. They haven’t had to defend their kills against hyenas or compete for […]

Breaking News — Cocoa is in a Bubble

Very few “Breaking News” flashes are actually that important. And almost none of them influence market trends in a meaningful way. The markets have likely been discounting this latest headline for a while now. Deep down we know watching and listening to media all day long isn’t the way to win. It’s only to mask […]

Constraints are Liberating

Rules free you from entertaining distractions. They keep you in your lane. You always know what to do. You may not like what the rules are telling you, but at least you have the peace of mind of knowing what you have to do to succeed. Given the abundance and unhealthy amount of information flying […]

Collect. Don’t Hoard.

Media and technology afford us the ability to gather ideas and act on them very cheaply these days. We’re constantly bombarded with people selling their ideas. Whether it’s CNBC, Bloomberg, Barrons, WSJ, Twitter accounts, Motley Fool, our friends or co-workers, we have no shortage of stocks and investing ideas to consider. Get bored with one […]

The Perfect Entry

There’s a prevailing opinion out there that if you don’t get in at the perfect time then the opportunity is gone. Don’t bother with this investment anymore because what’s even the point, right? Better to find another one where the perfect entry still exists. “I could’ve owned Apple or Google but I missed it.” You […]

Look to the Markets for Clarity

It’s confusing out there these days. There’s so much information about how the economy is doing, what inflation will do, whether jobs are coming back and the like. Trying to piece all if this (often dated) information together about what the markets will do in the future seems like a surefire way to misread the […]

Connoisseur Investors

As a lover of good wine, I understand the attraction towards the most prestigious brands. Petrus, Romanée-Conti, Château Margaux, Sassicaia, Opus One, etc. Not only do these producers have a history of making great wine, they provide the added benefit of inflating your social status when busting one out at a party. It shows you […]

Why Investors Cannot Outperform Benchmarks

I wrote this five years ago on Medium, but I have some new comments below. https://medium.datadriveninvestor.com/why-investors-cannot-outperform-simple-benchmarks-d6a587a54967 So many people are focused on fees, liquidity and strategy transparency. Well, everyone can access their beloved index funds at zero fees with daily liquidity and easily find how the indexes, such as the S&P 500, are constructed. Yet the […]

Know Your Patients

Today, it’s all about scaling — raising a lot of money, managing a lot of money, growing the business every quarter and increasing the bottom line. It’s not conducive to putting the customer, investor or patient first. It’s all about you, the business. Hey, I’m not against managing a profitable business, but I am against […]

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