Systematic Suckers

Do investors have a habit of buying high and adding more to the funds in their portfolio right after they’ve run up? Does Courtney Stodden have lower back pain in her future?  Buying high is so prevalent that it looks almost systematic when plotted on a chart. One such example comes from a blog post at the…

Larry Page: Maybe we should all be part-time workers

What if everyone were a part-time worker? Google founder and CEO Larry Page has a fascinating take on the future of our labor market. In a just-posted video from a recent appearance, Page cites the fact that 90% of the population were farmers in 1900 and, by 2000, just 2% were – so we shouldn’t…

“this credit cycle’s final trade”

via Eric Peters of Peters Capital Group: “Should have known what to expect,” he said, laughing at his own idiocy. “When you move into a house filled with 19yr old derelict degenerates, there’s no going to sleep early.” But refusing to cut and run, he traded out of the position. “I figured if these morons…

Fun with Stock Market Hysteria

Jeff Macke and I wrote a book about financial punditry and, after 200-something pages of historical context and behind the scenes commentary, we concluded with the fact that most financial content is probably not relevant enough to be actionable for your personal situation. A majority of it is well-meaning, lots of it is interesting and informational and…