Expecting an Inheritance Is Expecting Unearned Money. The dollar amount of your first paycheck was small. The feeling of pride you experienced on earning it was big. We […]
Buy-and-Hold Is Dead
Posted on:
Woody Allan’s Take on the Efficient Market Theory
“If I listen long enough to you, I’ll find a way to believe that it’s all true. –Tim Hardin, ”Reason to Believe” Woody Allen tells a joke with […]
Buy-and-Hold Is Dead
Posted on:
Who’s Afraid of the Efficient Market Hypothesis?
All the ladies in Washington are scrambling to get out of town. –Dylan, “Thunder on the Mountain” Critics of the Efficient Market Hypothesis Need to State Their Case […]
Buy-and-Hold Is Dead
Posted on:
The Efficient Market Concept is A Big Bunch of Hooey
Those Who Believe in an Efficient Market Are Not Able to Say With Much Clarity What It Is. The Efficient Market Theory posits that all that there is […]
Stock Drunk
Posted on:
The Future of Behavioral Finance
The madman has lost everything except his reason. –C.K. Chesterton The Efficient Market Theory is a lie (that humans do not possess emotions) that generated many other lies […]
Heroes and Villains
Posted on:
John Walter Russell’s Early Retirement Planning Insights
John Walter Russell’s Early Retirement Planning Insights site presents exciting and innovative research on what the historical stock-return data really says about how stocks perform in the long […]
About the Site
Posted on:
Disclaimer
This web site advocates an approach to money management that helped me save a lot of money in a short amount of time. I know a good number […]
The Turned-On Budget
Posted on:
David Bach and the Realities of Writing a Budget
David Bach argues in his book The Automatic Millionaire that budgets are not generally such a hot idea. I don’t agree. But I do very much like the argument that […]
Investing for Humans
Posted on:
The Dark Side of Compounding Returns
The Power of Compounding Returns Is as Great as Everybody Says It Is. I’m famous for taking a contrary view. Rob Bennett is the fellow who says that […]
The Book I Read
Posted on:
This Book Saves Marriages — The Complete Tightwad Gazette
Woody Guthrie imprinted his “Mission Statement” on his guitar — “This Machine Kills Fascists,” it said. If Amy Dacyczyn were to follow Guthrie’s lead, she would need to […]