Category: Investing

Hamburgers, Socks, & Stocks: What Should You do When the Stock Market Takes You on a Wild Ride?

Famous investor and billionaire Warren Buffett has never lost his Midwestern values. He still lives in the same house he purchased in 1958 for $31,500, and his taste in food doesn’t go much beyond hamburgers and steak. There are stories told of Buffett attending multi-course dinners prepared by world famous chefs where Buffett wouldn’t touch…

Snowballs, Bicycles, Spaceships, and Flywheels: Successful Investing Takes Patience and Perseverance

Adopt the pace of nature; her secret is patience.  –Ralph Waldo Emerson, American author, poet, and philosopher Last year I lost my cell phone on an out of state trip.  I prepare taxes out of my home as a side job and we were just entering the tax season.  I knew my customers would be…

5 Simple Ways to Make Money Being Fearful When Others are Greedy and Greedy When Others are Fearful

“Periodic outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community.  The timing of these epidemics will be unpredictable.  And the market aberrations produced by them will be equally unpredictable, both as to duration and degree.  Therefore, we never try to anticipate the arrival or departure of either disease. …

Save More Tomorrow TED Talk

In the past I have written about “Save More Tomorrow,”, an innovative plan that uses the principles of behavioral finance to help people increase their retirement savings over time.  Here is a link to my prior post, titled “Use the ‘Wimpy’ Savings Plan to Increase Your Savings Rate“. I recently ran across an interesting TED talk by Shlomo Benartzti,…