Most Investors follow the crowd down the path to comfortable mediocrity. – David F. Swensen Somewhere (I am not saying where) there is a picture of me at a high school dance, circa 1980. My hair is longish and parted in the middle. I am wearing a powder blue polyester suit with airplane wing collars…
The American Mosquito Control Association declares, “Mosquitoes cause more human suffering than any other organism.” Wikipedia quantifies this suffering, stating “Nearly 700 million people get a mosquito borne illness each year resulting in greater than one million deaths.” Those who escape the worst consequences of mosquitoes still don’t get off unscathed. Mosquitoes have ruined countless…
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,…
If you are a parent, and have had a child achieve the milestone of getting a driver’s license, you know how expensive it is to insure teenage drivers. If you have had both a boy and girl reach this milestone you probably also noticed that it was significantly more expensive to insure the boy than…
I have written before about Warren Buffett’s million dollar bet with New York asset manager Protégé Partners that the Vanguard S&P 500 Index Fund, over a period of ten years, would beat a collection of hedge funds selected by Protégé. The proceeds from the bet will go to charity. The bet was made in 2008…
If you can keep your head when all about you are losing theirs… Yours is the earth and everything that’s in it… – Rudyard Kipling from his poem If In his classic book The Four Pillars of Investing, William Bernstein wrote, “The major premise of economics is that investors are rational and will always…
