Commentary

April 02, 2024 One Simple Solution to Help You Play the Long Game in Investing If I were giving advice to a young investor who’s just starting out, my advice might go something like this: Buy good companies at reasonable prices, …
Behavioral Finance 4 min read
March 04, 2024 The Dead Fidelity Investors One of the most famous pieces of research ever attributed to Fidelity Investments looked at client accounts over the period 2003-2013. Coming on the …
Behavioral Finance 3 min read
January 24, 2024 The Double Bear Spread Hedging Strategy We recently outlined four different shorting strategies (see that November commentary). Today, we share another way to hedge with options that meets …
Portfolio Management 9 min read
November 14, 2023 Mastering the Art of Risk Management: Four Essential Hedging and Shorting Strategies At least as much as investors like making money in the stock market, they dislike losing money, and therefore many of us seek ways to hedge. We want …
Short Selling 9 min read
October 31, 2023 The Definitive List of What Investing Is Like Investing is, apparently, like a lot of very different things. Here is a not-even-exhaustive list of the things to which investing has been …
Behavioral Finance 3 min read
October 12, 2023 The Risks No One Is Talking About This image, from the Nintendo video game “Super Mario Brothers,” went viral on X/Twitter a few years back:
Behavioral Finance 3 min read
August 18, 2023 The Contradiction at the Core of the Stock Market There is a contradiction at the core of the stock market that makes investing at once simple and endlessly vexing:
Behavioral Finance 2 min read
May 23, 2022 Invest Smarter - Avoiding Common Behavioral Biases A silver lining of the kind of market volatility we've experienced thus far in 2022 is that it can serve as a sobering reminder to revisit your …
Behavioral Finance 3 min read
November 29, 2019 Beyond Cloud Computing: Why We’re Watching This Digital Trend Editor’s note: This piece was originally published in November 2019. It has been lightly edited and updated as of July 2023. In a letter to …
Industry Focus 5 min read
July 05, 2019 The Portfolio Management Marathon Type “investing is a marathon, not a sprint” into Google’s search bar, and you’ll get about 743,000 results.
Short Selling 5 min read
1 2