June 2013

Why Behavior is Half the Battle

Successful investing requires you to do the most counter-intuitive thing in the world, something that totally runs against human nature and the fight-or-flight instinct that’s been bred into our species over eons – being excited for down-markets and bad news. By my own informal estimation, I would say that 98 people out of 100 see…

re: The Gold Miner Crash

So we had a gold miner mutual fund manager on CNBC Fast Money tonight, live in-studio. He seemed like a nice guy and he probably knows these companies really well. It doesn’t matter. I feel bad, there’s really nothing that can be said. His job is to pick stocks from a sector where no one…

A Million More Millionaires

From The Economist: Last year 12m people in the world had $1m or more in investible assets. That is 1m more “high-net-worth individuals” than in 2011. Source: Economist