I’m going to make a very broad point about the nature of investor behavior using a pretty specific example. I hope that you’ll consider the infinite ways in which this concept applies to virtually all areas of investing, asset allocation and business in general. People don’t change. I came across this statistic during the week…

Characters from the game Candy Crush are seen on the floor of the New York Stock Exchange (NYSE), in honor of the mobile gaming company King holding its initial public offering at the NYSE on March 25, 2014 in New York, United States. King is the maker of the popular mobile game Candy Crush. Photograph by: Andrew…

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The Wall Street Journal’s David Wessel interviews Nobel laureate Professor Robert Shiller about investing and bubbles this week. I particularly liked this bit, on why bubbles aren’t necessarily “bad” or “good”, but perhaps necessary for capitalism: Q: Are bubbles always a bad thing, or do they have some good effects? A: First of all, it’s a…

From Stephen Suttmeier, chief technician at BAML, comes the below look at how biotechs are weathering the storm this week. Looks like they’ve stopped falling, which is good. Suttmeier believes that a break higher, however, will be critical to prevent more damage – standing still may not be enough… The NBI made a stand at…

You want someone to emulate? Bernard Baruch (August 19, 1870 – June 20, 1965) was the son of a South Carolina physician whose family moved to New York City when he was eleven year old. By his mid-twenties, he is able to buy an $18,000 seat on the exchange with his winnings and commissions from…

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