Articles Saving is passive, prioritizing is active. By Mike Dariano The process for producing legal filings runs like an assembly line for making widgets. By Stacy Cowley and Jessica Silver-Greenberg Everyone has an itch By Craig Shapiro We would wager that few other arguments have the power to turn off the critical thinking elements of…

Stretching a linear axis vertically to prove a point. Don’t do this. Some things should be shown as a level, not a percent change. The ten-year yield going from 2% to 2.1% is not a 5% change, it’s a ten basis point move. The same holds for the VIX. Don’t do this. So many things…

Articles An accelerating number of Americans are now recipients of independent advice and are talking to their friends about it By Shirl Penney  The look we get is always the same — like they just dropped their towel and we saw more than we should have. By Dina Isola Even the bulls are scared By…

Articles We focus a lot on the basis points and probably not enough on the percentage points. By Jason Zweig So we write 2,000 books on how Buffett sizes up management teams when the biggest and most practical takeaway from his success is, “Start investing when you’re in third grade.” By Morgan Housel In short,…

Articles 75% of households earning $112,000 per year or more have an Amazon Prime account. By Adventur.es Conflating prominent, but rare, events with high probability is an ongoing impediment to better investment returns. By Urban Carmel All exact science is dominated by the idea of approximation. By Jason Zweig This month is supposed to be…

Sam Ro is fond of saying “stocks usually go up.” The *chart below supports the statement that historically over time, stocks usually did go up. This is why it makes good sense for financial pundits to play on the bullish side. Usually they’re right, and when they’re wrong, so is everybody else, and misery loves…

Ask ten different investment professionals “what is evidence-based investing?” and you’ll get ten different answers. Not different variations, but completely different responses. One person’s evidence is another person’s nonsense. This is not unique to finance, it’s actually quite common that those closest to the source material will see things differently. In Life 3.0, Max Tegmark wrote about AI…

There were two interesting charts floating around last week on the thirtieth anniversary of Black Monday. The first one below was produced by Eddy Elfenbein. Eliminating 1987 from this chart is a great way to visualize the fact that investors ought to focus on the long-term. Over these three years, and I understand that three years…

Articles I don’t know what kind of mood I’ll be in tonight, let alone 200 million strangers ten years from now. By Morgan Housel The human mind is famously inadequate at being able to see or predict parabolic value creation. By Vinny Lingham There is no firm behind Bitcoin; there’s simply code. By Nick Tomaino There’s panic…

Stocks have been near all-time highs for a while now. The S&P 500 has gone 322 days without experiencing a 5% drawdown, colloquially known as a “pullback.” Stocks haven’t just been hanging out near all-time highs, they’ve been printing new ones daily. In 2017, 47 out of 201 sessions have closed at an all-time high….