In Michael Mauboussin’s book, “More Than You Know”, Mauboussin measured how many actively managed mutual funds successfully beat the S&P500 index. This is super-useful information for anyone trying to decide whether or not it makes sense to invest in index funds. Maybe you’ve heard (or maybe you haven’t) that popular opinion is that something like […]
Pimpin’ stocks ain’t easy
… especially today. And yet… I knew this day would come. Was reading about a “new” way to trade stocks: a brokerage firm pimping trading and investing based on – wait for it – Fibonacci analysis. Why does this matter? I dunno. It doesn’t, really… unless you happen to be investing with a firm that’s […]
The secret of Wankel engine investing
Years ago, I had a friend friend who owned a Mazda Rx-7. We were car guys” which means we spent way too much time oogling our rides and tuning engines for performance gainz. My friend’s engine, however, was super hard to work on because it was a Wankle engine. In case you’re not a car […]
My 401-keg plan
Back in my jerkwater home town, about the only kind of beer people drink is the cheap stuff… except, when you go out to a bar (and it doesn’t have to be a fancy bar either), there’s almost always Yuengling on tap. Now if ye wasn’t born in or around Pennsylvania, mayhaps you’ve never heard […]
An example of how to manage financial risk
One of my all-time favorite movies is Rounders, starring Matt Damon and Edward Norton. In the movie, Norton plays a professional poker player named “Worm” (that’s his nickname). Damon’s character, “Mike” is also a professional poker player who is friends with Worm. Worm’s problem is, basically, that he’s a cheater and uses various “card mechanics” […]