Our feelings of certainty about things we’re right about is largely indistinguishable from our feelings of certainty about things we’re wrong about
We see what we want to see
Big words mask little thoughts
The names of old dead guys don’t mean that much
You can’t calculate relationships in the markets like you can the distance between the stars.
there is no other company where investors disagree more about the future than Tesla
The Fed’s Stock Valuation Model makes more sense to explain corporate buyback decisions than it does to explain investors’ stocks-vs-bonds asset allocation decisions
By definition, to have an ETF, you have to have an underlying index.
When you chase outperformance, you catch underperformance.
Designing an index is the new active
“What’s the one thing about money you wish someone told you when you were younger?”
Momentum is a chameleon
It was just four years since Martin Luther King Jr. was shot in Memphis and the President seemed bent on reversing everything the Civil Rights Movement stood for
If you’re not getting the results that you want change what you’re doing.
Music that had ben merely good, the rock and roll soundtrack of our lives, turned into rapture and prophecy.