Focus, Not Concentration

To focus is to have clarity on what is and what isn’t. It is to know what is relevant and what can be ignored. To concentrate is to put all of one’s energy and resources into one place. Investors are rewarded for focusing on what is important, penalized for concentration. This year if you concentrated […]

thinking in bets poker chips

Reading List: Thinking in Bets by Annie Duke

Sometimes the stock market has been referred to as a “casino”.  As investors, then, who better to learn from than a champion poker player like Ms. Duke?  Book Review: Thinking in Bets by Annie Duke Truthfully, Annie Duke has written a very well-researched book on the role of skill and chance in determining any outcome. […]

Wall Street hedge funds

The Patience to Get Rich Slowly

Bloomberg featured a research report on why hedge funds continue to attract investors despite lackluster performance. Because of their complexity and secrecy, hedge funds have an attraction that appeals to our illusion of control. We don’t want to believe that investing is as simple as having low-cost, broad exposure to a lot of different assets. […]

Katie Brown running the Boston Marathon

How Life Took Me By Surprise

Planning for your future may feel abstract because no one truly knows what will happen and when. We do our best to prepare or at least be aware of the expected and identify potential risks. But how well prepared are we for the unexpected? What happens when life throws you a curve ball? In 2018, […]