This piece really has nothing to do with how we manage investments for our clients, but we just can’t help writing about it. The investment world we live in today keeps getting more entertaining and just when you think you have seen every insane, stupid thing our stock markets can possibly offer, along comes something…
Fear Of Missing Out: A dangerous psychological malady that can cause one to feel that he is missing out on the investment of a lifetime (think dot-coms in 2000, houses in 2007, or Bitcoin today). This fear is usually exacerbated by sensational media headlines. But more recently, FOMO has also been the result of tweets…
We’ve noticed tiny little bits of evidence that the American economy is coming back from the COVID disaster: calling a restaurant for dinner reservations only to discover it’s booked solid, news anchors broadcasting from the studio instead of their respective living rooms, airplanes no longer leaving that “middle seat” empty . . . . .…
The human mind has a convenient way of helping us forget painful events . . . a way of emphasizing good memories and minimizing scary ones. Empty toilet paper shelves, empty office buildings, and empty movie theaters all seem to be distant and less severe images today than a year ago. The rush to manufacture…
Most of our investors have a general idea of what we do. Manage money. Look for good investment opportunities. Avoid unnecessary risk. You know, the usual stuff. Every now and then comes the opportunity to illustrate what we don’t do. If you have been paying attention (and believe us, it’s better if you haven’t been…
