Back in February, when a very prescient colleague of mine was busy liquidating his equity portfolio, a good friend of mine was going in the opposite direction. He and I had discussed investing in the past – and he had fully signed on to the gospel of not looking to beat the market, investing in …
Yesterday’s news of the Pfizer vaccine may well be the emotional highlight of 2020. It certainly put a big smile on my face, notwithstanding an otherwise challenging day at work. A triumph of good over evil. Of human ingenuity over a nasty, deadly illness. Of progress over yet another temporary setback. The markets reacted accordingly. …
About ten years ago, I attended an investment conference that brought together students and faculty from a number of MBA programs on the East Coast. Eugene Fama was one of the keynote speakers at the event. This was a few years before he won the Nobel Prize, but it’s fair to say that he was …
One of the most enduring lessons I’ve taken away from my MBA degree is the concept of a “pre-mortem”. Applied in a managerial / finance context, the idea is quite simple. Let’s say you are about to kick off a big project. It can be a greenfield infrastructure investment, a new product launch, or a …
After seven and a half months of working from home, I have finally had enough. Driven by a desire to insert a bit more separation between work and life, I put on my mask, boarded the Jubilee line, and headed for the office. To say the experience was an eerie one would be an understatement. …
Want to learn a guaranteed way to never, ever lose money in the stock market? Then today’s post is for you. Those who have read about the magic money machine will remember this graph: It’s a good representation of the random walk the stock market follows every single year. Some years are great. Some are …
Back in late February (which now feels like a lifetime ago), a colleague and I were chatting about the stock market. The S&P had just gone down through the 3,000 mark. The said colleague, who happens to be a very thoughtful person, mentioned that he was worried about the prospects of a pandemic and had …
Back in my teenage days, the only real way to get some quality information was to shlep over to the library. Yes, we did have internet back then (I’m not THAT old), but it was still nascent, slow, and frankly, there wasn’t much quality content online back in the day. So if you wanted to …
