How’s Your Resolution Going?
As an avid sports fan my entire life, I’ve seen many great players never win the big one. Hell, I’ve seen many teams comprised of great players never win the big one. The in-fighting. Backstabbing. Competing egos. Power-trips. The overall locker room drama affects the quality of the end-product. No one can win under these […]
Volatility by Design
The past couple of months have been tough on trend-followers, myself included. The sharp reversals in interest rates, equities and currencies accounted for most of the losses. While the very recent performance has been painful, these “losses” from a trading perspective have simply been giving back some of the profits made over the past few […]
Where Do Trends Come From?
The answer doesn’t matter as much as much as actually being open to receiving them. We must be attentive and always adjusting the dial to sync up with them. One instance of missing out on a major move or holding on to a loser for too long is enough to crush our returns. The vast […]
It’s Not If, But When
In 2005, Warren and Pam Adams lost their home during Hurricane Rita. Instead of feeling sorry for themselves, they decided to protect themselves from the next storm. They moved to Gilchrist, TX and built their new house up to modern codes; designing it to withstand a much stronger storm than the older neighboring homes. No […]
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 […]