The Problem with Trading Headlines

The Problem with Trading Headlines

During the past weekend, headlines and political commentary were so awful that it would have been quite natural to sell a large amount of stock at the open on Monday. Straits of Hormuz blocked. Oil refiners blown up. World War III at our doorstep. Mercurial political...
The Big Deception in Investing

The Big Deception in Investing

There is a quiet assumption embedded in modern finance. It says investing is too complicated for ordinary people. Too technical. Too fast. Too unpredictable. The implication is obvious: you need professionals. An entire industry has been built around that idea....
Two Market Factoids That Invalidate Market Timing

Two Market Factoids That Invalidate Market Timing

If you think the smart move is to sell everything during scary markets and jump back in when things look sunny, I have some unfortunate news for you. Two pieces of market data make this approach far harder than it sounds. Most Gains Happen in Remarkably Few Days...
AI as Pac-Man

AI as Pac-Man

Picture the old Pac-Man screen for a moment: a yellow circle moving through a maze, consuming dots one by one. Now imagine that circle is artificial intelligence. The dots? Business sectors. Public companies. Entire professions. Possibly even your own job. The...