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 […]

Reading List: Thinking in Bets, by Annie Duke

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?  Truthfully she has written a very well-researched book on the role of skill and chance in determining any outcome.  A career at […]

The Patience to Get Rich Slowly

Last month, Bloomberg featured a research report on why Hedge funds continue to attract investors despite lackluster performance (https://www.bloomberg.com/view/articles/2018-06-26/is-hedge-fund-love-in-our-dna). 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

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, but how well prepared are we for the unexpected? What happens when life throws you a curve ball?   Over the past year my […]