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Listen on: iTunes | Google Podcasts | Online This article is Part 3 of a 3-part series discussing how investors can avoid acting irrationally. Read Part 1 and Part 2. Investors are prone to two opposing but equally debilitating fears: the fear of missing out when times are good, and the fear of loss when markets are volatile. These two fears have a […]
Listen on: iTunes | Google Podcasts | Online This article is Part 2 of a 3-part series discussing how investors can avoid acting irrationally. Read Part 1 and Part 3. Investors are prone to two opposing but equally debilitating fears: the fear of missing out when times are good, and the fear of loss when markets are volatile. These two fears have a […]
Listen on: iTunes | Google Podcasts | Online This article is Part 1 of a 3-part series discussing how investors can avoid acting irrationally. Read Part 2 and Part 3. The stock market is not your friend. You want to approach it the same way the American president should approach a one-on-one meeting with the Russian president: Be respectful but cautious. He might […]
Few people have had as great an impact on me as an investor as Nassim Taleb. A good friend gave me his book Fooled by Randomness on my thirtieth birthday in 2003. In that book Nassim eloquently analyzed something I had struggled with for a long time: the role randomness plays in life and the stock market. […]
Today I am going to share with you an article I wrote after the January 2018 stock market volatility. It’s as relevant today as it was then. However, this time around you don’t have to strain your eyes; you can use your ears. Optimal Living Daily has turned my article into a podcast. Turn off […]
Don’t let this wave of stock-market volatility go to your head. The value of the companies in your portfolio doesn’t change by a positive or negative 5% three times a day. Get the value right and the price will follow. For example, my firm recently met with a prospective client, a physicist who has made […]
Listen on: iTunes | Google Podcasts | Online I’ve been asked to comment on the most recent market decline. My initial reaction was, markets go up and they go down. America is a great country but the US Constitution doesn’t guarantee always-rising markets. I sat down and I wanted to write a reassuring message. I wanted to express my empathy. Somehow, I found that my reservoir of […]
Guy Spier is a tremendous value investor who happens to be a good friend whose company I truly enjoy. He is the most cosmopolitan person I know. He was born in South Africa, spent his childhood in Iran and Israel
