Tag Archives: Most Recent Stories

Share the post "The Biggest Myths in Investing, Part 4 – Indexing is Average"This is the fourth of a ten part series similar to what I did with “The Biggest Myths in Economics”. Many of these will be familiar to regular readers, but I hope to consolidate them when I am done to make for easier reading. I hope you enjoy and please don’t forget to use the forum for feedback, questions, angry ranting or adding myths that you think are important.It’s been well established that picking stocks is...

Share the post "“Weak Dollar?” “Strong Dollar?” Who the Hell Knows Dollar!"Excuse me for interrupting my series on investment myths while I take some time to bust an economic myth.  I will return to our regularly scheduled myth busting series tomorrow.  So, there’s this big story out today about how Donald Trump asked his National Security Adviser about the economic impact of the dollar.  He apparently called Mike Flynn at 3AM to ask him about it. Flynn didn’t know the answer and recommended...

Share the post "The Biggest Myths in Investing, Part 3 – You Need To Beat The Market"This is the third of a ten part series similar to what I did with “The Biggest Myths in Economics”. Many of these will be familiar to regular readers, but I hope to consolidate them when I am done to make for easier reading. I hope you enjoy and please don’t forget to use the forum for feedback, questions, angry ranting or adding myths that you think are important.Myth # 3 – You Need To Beat The MarketWe all...

Share the post "The Biggest Myths in Investing, Part 2 – The Stock Market Is Where You Get Rich"This is the second of a ten part series similar to what I did with “The Biggest Myths in Economics”. Many of these will be familiar to regular readers, but I hope to consolidate them when I am done to make for easier reading. I hope you enjoy and please don’t forget to use the forum for feedback, questions, angry ranting or adding myths that you think are important.Myth #2 – The Stock Market Is...

Share the post "The Biggest Myths in Investing, Part 1 – The “Investing” Myth"This is the first of a ten part series similar to what I did with “The Biggest Myths in Economics”. Many of these will be familiar to regular readers, but I hope to consolidate them when I am done to make for easier reading. I hope you enjoy and please don’t forget to use the forum for feedback, questions, angry ranting or adding myths that you think are important.Myth #1 – The “Investing” MythInvesting myth numero...

Share the post "Are Expectations Too High For Trump?"Back in early 2009 the public was euphoric about President Obama and the change he was ushering in. At the time I asked if expectations were too high:On the bright side, [Obama’s] entering office when things are downright awful, which likely means we’re closer to the bottom than the top.  But you still have to wonder, with such an enormous global economic mess, are expectations too high for President Obama?  Let’s just say, if I could...

Share the post "Paul Krugman is Right (For the Wrong Reasons)"Excuse me while I dust off my nerd suit and jump into an extremely dorky debate. I won’t criticise you for falling asleep half way into this article….  Paul Krugman has made a bunch of big league predictions over the last few years.¹ He predicted lower rates, low inflation, marginal impact from QE, insufficient stimulus, etc. These were, as he’s noted, important predictions as they were non-consensus and would have had huge...

Share the post "Passive Investors – Dumb Money or Smart Money?"Michael Maubboussin’s latest piece on passive investing is, predictably, awesome. Since this is one of the topics I’ve spent WAY too much time thinking about I wanted to expand on his thoughts and see if we can’t add some further clarification here because I still think this industry is making a bit of a mess out of this whole “active vs passive” thing.First things first. Because I am excessively anal retentive and detail...

Share the post "The Cash Freeze"Almost every week someone comes to me with the same story:“Hi Cullen, I am a wealthy older investor who has lived through two stock market bubbles and crashes and moved mostly to cash following the 2008 crash. I’ve been waiting for better prices all the way up and find myself frozen. Stocks look expensive and bonds scare me because of the potential for rising rates. I am frozen in cash and I don’t know what to do…HELP!”If that sounds familiar you’re not alone....

Share the post "The Top Research Papers of 2016"SSRN, the #1 research repository in the world, recently released their top research papers of 2016 and I was lucky enough to have TWO papers on the list. The first, of course, is my older paper “Understanding the Modern Monetary System” and the second is the paper I published in March of 2016 titled “Understanding Modern Portfolio Construction”. If you’ve already read those then have a look at a few of the others on the list. Jackson’s Game...