These articles appeared between November 2012 and January 2013:
Investment advice without a time horizon is not investment advice.
So far that is true of the 2012 elections.
We need to add “None of the Above” as an electoral choice in all elections.
Where I propose a great idea, and then realize that I am wrong.
Stability only comes to markets in a self-reinforcing mode, from buy and hold (and sell and sit on cash) investors who act at the turning points.
It almost never makes sense to play for the last 5% of something; it costs too much. Getting 90-95% is relatively easy; grasping for the last 5-10% usually results in losing some of the 90-95%.
Where Lucy represents Wall Street, the football is returns, and Charlie Brown is the Retail Investor. Aaauuuggh!
Why to be careful when promised results seem too good, and they get delayed, or worse.
Avoid bonds with few protective covenants, unless the borrower is very strong.
Why current efforts to change Math Education will fail. Pedagogy peaked in the ’50s, and has been declining since then.
On the continuing decline in human fertility across the globe.
Simple advice on how to be better off. Warning: it requires discipline.
If we had assumed lower discount rates in the past, we wouldn’t have the problems we do now. (And maybe DB pensions would have died sooner.)
On why we should be concerned about life insurance accounting.
On why analyzing P&C insurers boils down to analyzing management teams.
Naive bond investors often take on risks that they did not anticipate.
My review of the most comprehensive book on the life of Warren Buffett.
How I met one of the Superinvestors of Graham-and -Doddsville, and how I generate investment ideas.
How I admitted to not having a correct perspective on value indexing.
Why regulated financials are different from other stocks, and how to analyze them.
Why people are willing to lock in a loss against inflation, because of bad monetary policy.
Value investing is still powerful, but the competition is a lot tougher.
The basics of personal finance
How to use my free news screener to cut through the news flow, and eliminate noise.
So why do we spend the time at this?
How to manage investments to fit your own need for cash in the future.
How short-sighted, incompetent managers destroy value.
No such thing as a bad trade , only an early trade… high yield prices moved higher from here.
Chronicling the financial promises made by the Federal Government
The first three parts of my 7-part series on how to understand this complex group of sub-industries.
Even Buffett didn’t get super-rich by only investing his own money. He had to invest the money of others as well. The super-rich form corporations and grow them; they build institutions bigger than themselves.
On the Variable Annuity product that would simply be a tax scam. Later I would learn that product exists now, just not in the form I proposed 8 years earlier when it didn’t exist.