The hardest thing about investing is that it forces us to acknowledge our human limitations. Being merely mortal, we can’t predict the future. Most of us can barely predict the present. So what’s an investor to do? You could be judicious to a fault and put your investment dollars exclusively…
“If you want to sell a car and you spend $5 to wash and polish it and then apply a little extra elbow grease, suddenly you find you can charge an extra $400.” –Tony Schwartz, The Art of the Deal Schwartz ghostwrote that line on behalf of his co-author Donald…
Squaring the circle. Doubling the cube. Trisecting an angle. There’s one more impossible problem to add to the three traditional ones of Greek antiquity. Timing the market. It took the world’s brightest minds 23 centuries to prove that no one can construct a square with the same area as that…
When the Federal Reserve began reducing interest rates to nanoscopic levels, it seemed as though the strategy would only be needed for a brief period. Presumably, low interest rates would temporarily encourage people to spend; even though the United States is already unusual in that its consumers have a negative…
There comes a moment when you realize that your relationship with money has permanently changed, and for the better. It’s when you start spending as much effort to have your money grow for you as you do earning it. When you reach that level, preserving your wealth means investing more…
