Viewing money as "claim checks" that can be exchanged for goods and services is a very useful concept ...
Obsessively driven people who spend nearly all of their waking hours perfecting their craft tend to make very difficult accomplishments look deceptively easy ...
Never forget Lady Fortuna's influence: Good decisions can turn out poorly due to bad luck, and it is equally possible for terrible decisions to work out well due to good luck ...
The rise of passive investing is the topic of Robin Wigglesworth’s recent book, Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever ...
Spence Jakab's book tells the story of Robinhood, GameStop, AMC, and other meme stocks that became a mania, driven by a profit motive and a desire to punish short-sellers ...
Maya Peterson wrote Lighthouse to inspire and empower women to study “female lighthouses in the world of finance.” While these women have navigated different paths, what they have in common is the shared experience of being women in a male-dominated ...
In The Joys of Compounding, Gautam Baid does an excellent job of taking several steps back from financial analysis and relating how his life story shaped who he is as an investor, how seeking a broad-based education and the “worldly ...
“True knowledge exists in knowing that you know nothing.” -- Socrates The twentieth century was one of the most momentous in human history. Technology altered every sphere of politics, business, and day-to-day life to the point where the lifestyle of ...
"The market is like a large movie theater with a small door." -- Nassim Nicholas Taleb, Skin in the Game There is an old saying that experiencing a bull market is similar to riding up an escalator while living through ...
Financial markets have finally come to the realization that Coronavirus is a story that is not going away anytime soon. As long as the virus was confined mostly to China and other cases could be readily explained, markets in the ...
"Most people overestimate what they can do in one year and underestimate what they can do in ten years." -- Bill Gates Berkshire Textile Mill - 1960s Every person will have a different definition of what counts as "the long ...
"Higher mathematics may be dangerous and lead you down pathways that are better left untrod." -- Warren Buffett, 2009 Berkshire Hathaway Annual Meeting Success in most areas of life requires having a clear and coherent view of reality along with ...
"The real fortunes in this country have been made by the people who put their capital into a business that had a future, worked hard, invested more capital, and stayed with their investment throughout the years -- depression and boom ...
"Research is a quest for truth, not a confirmation of predetermined beliefs that we have concluded to be true. It must be conducted without an agenda. You should not care what truth will be revealed, as long as your process ...
"If you want to be trusted, be trustworthy. If you demand hard work, work hard. If you want your colleagues to level with you, level with them. It's not very complicated!" -- John C. Bogle, Enough: True Measures of Money, ...
"Imagine how much harder physics would be if electrons had feelings!" -- Richard Feynman The goal of many websites is to create "evergreen" content -- that is, content that stands the test of time and will prove to be relevant ...
"Compound interest is the 8th wonder of the world. He who understands it earns it. He who doesn't pays it." -- Attributed to Albert Einstein The quote above has often been attributed to Albert Einstein although there is some controversy ...
The team of six, three men and three women, pretended not to know each other and made their way to the baccarat tables at the Dunes casino in Las Vegas. It was the spring of 1963 and Las Vegas was ...
"There is always something to do. You just need to look harder, be creative and a little flexible." -- Irving Kahn One of the interesting aspects of the stock market involves the peculiar attitude many investors have when it comes ...
"The compensation committee relies on its own good judgment in carrying out its duties and does not waste shareholder money on compensation consultants." -- Daily Journal Corporation 2017 Proxy Statement Reading primary sources of information remains the single most important ...