What Diversification Really Is (And What It’s Not)
Over the years I’ve come to realize that diversification can mean different things to different people. Most financial advisors preach diversification, but I’m often astonished by the allocation strategies that pass for “diversification” in the financial planning industry. Diversification is …
Community, the Crow, and Perseverance
Last week, while perusing the Wall Street Journal and catching up on some of the most intense news of recent history, I happened upon a quote by English author John Donne which goes something like this: “No man is an …
84-year-old Florida Widow Wins $590 Million Lottery
Last week the world learned that 84-year-old Gloria MacKenzie was the sole winner of the $590 million Powerball jackpot. This makes her one of the biggest winners in lottery history. The widowed great-grandmother chose to receive her winnings as a …
View Our 1st Qtr Newsletter
We are pleased to announce the redesign of our Quarterly Newsletter. Click here to view the 1st quarter newsletter, which was published on 4/15/2013. Feedback and comments are welcome.
Is Your IQ Overrated?
My three-year-old daughter, Dawson, has been learning her ABCs, and for the very first time, on Sunday, she wrote her name. My wife and I were so proud. We awed over her, as parents tend to do, because we wanted …
Benchmarks and Investor Psychology
Growing up on the east coast, your perception of Texas is what you might see in old John Wayne westerns. When I told my friends and family I was planning on moving here, I could see wild visions floating through …
The Annual End of the World
There are millions of intelligent people in this country (don’t laugh- seriously!), many of whom invest their money in the securities markets. Why, then, are there so few genuinely successful investors? In my opinion, the answer is simple – they …
How Much Farther Can It Go?
As I write, the Dow Jones Industrial Average has closed at over 14,397, a 120% increase since its bottom of 6,547 at the market’s nadir exactly four years ago on March 9, 2009. Countless articles are being written on the …