Cash and "market timing"
Taking another look at Yelp
The endowment effect, commitment bias and a brief example
More thoughts on #neversell and the market
Common sense or speculation?
In 2020, my portfolio returned 17.15% and the S&P 500 index returned 18.40%. Cash holdings averaged 40% during the year and 53% since June. This result…
Devil Take the Hindmost: A History of Financial Speculation, by Edward Chancellor, is an interesting read that chronicles various speculative bubbles a…
Yelp (YELP) is an interesting company that seems undervalued. This might stem from a misunderstanding about the core economic drivers of the business. …
There is a dangerous type of "magical thinking" going on in the markets right now. Investors appear to believe that since the lockdowns are easing, cor…
There are few industries with as much uncertainty right now as airlines. Even the "Oracle of Omaha", Warren Buffett, admitted that the future of airlin…
Source: xkcd Like many people, I'm spending a lot of my time during the age of Coronavirus sitting at home reading about Coronavirus. This abundance of…
Peak Hysteria If we haven't reached peak hysteria yet, we might be getting close. This recent NY Times article reads like a dystopian sci-fi short stor…