Exploring the relationship between people and their money.
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Over a 40 year period, $1,000 became $86,000. If you missed 1% of the days, you ended up with $4,400.
A University of Michigan study covering 30 years showed that if you missed 1.2% of the days, you missed 95% of the profits.
From December 1991 to December 2001, the S&P 500 went up 12.94%, but if [...]
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Behavior Gap Radio
Our sixth episode that aired this week continues our discussion about values and about how we build our financial plans to match those values. As Bill points out, there’s a lot of people who have an idea how they WANT their lives to unfold, but aren’t sure HOW to make it happen.
I’m noticing [...]
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This week has been another great one for the Behavior Gap. I recorded episode five of Behavior Gap Goes to the Coffeehouse with Bill Schultheis of The Coffeehouse Investor.
In the most recent episode, we continue our discussion from last week by asking the question why. Why is it important to ignore Wall Street and get [...]
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Investing is an act of faith.
Faith in the future.
Faith in the underlying concept of capitalism.
Faith in humanity.
Without faith, the act of investing becomes very hard.
Right now, it is getting increasingly hard to have faith in the current system, leadership, and structure. It seems that every day we get a new reason to not believe.
So what [...]
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Some really amazing content made its way online this week. I hope it helps provide some perspective.
The Berkshire Hathaway 2008 Annual Letter
“Bubbles and Panics – “The investment world has gone from underpricing risk to overpricing it.” And “When the financial history of this decade is written, it will surely speak of the Internet bubble of [...]
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