“If you can’t spot the sucker in the first half hour at the table, then you ARE the sucker.” –Matt Damon, Rounders I used to play online poker. A friend of mine had shown me his screen playing Texas Hold ‘Em in the first year of business school, back in 2001. I had played the [...]
Learning From Your Mistakes – Why Credit Card Fees Aren’t the Same as Stocks
“An expert is a person who avoids small error as he sweeps on to the grand fallacy.” –Benjamin Stollberg When I first got out of college, I rebelled against the system. For four years, I’d been forced to keep my room clean, straight, and spotless, and was subject to unannounced inspections. Failing those inspections could [...]
Why You Don’t Want Your Investment Portfolio to Look Like Your NCAA Tournament Bracket
Hat tip to Kimberly Blanton at the Boston College Center for Retirement Research for the inspiration. “If I weren’t earning $3 million a year to dunk a basketball, most people on the street would run in the other direction if they saw me coming.” –Charles Barkley Every year, my wife’s company runs an informal, for [...]
The Index or the Dartboard? The S&P 500’s 2012 Performance by the Numbers
“Informed decision-making comes from a long tradition of guessing and then blaming others for inadequate results.” –Scott Adams Which would have been a better bet for you in 2012? Investing in the S&P 500 index or randomly picking one of the members of the index on the first trading day of the year and selling [...]
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Personal Finance FAQ Series: How Should I Invest My Money?
Should you follow that hot stock tip from Uncle Bob’s third cousin’s boss’s wife? Probably not. Here are six tips for how to invest your money. How Should I Invest My Money? Continues Below Subscribe to Receive My 52 Week Financial Game Plan and Get a Free E-Book! Related posts: Personal Finance FAQ Series: Why [...]
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Stock Picking is No Better Than Sports Betting
“The new season will be all about scoring more goals than the opposition.” –Alvin Jones I used to live about an hour south of Louisville, Kentucky, which is the home of the Kentucky Derby, one of the most famous horse races in the world. I took the opportunity to go with a few friends and [...]
