Category Archives for "Behavioral Finance"

The Greater Fool Market: part 2

We are in the early stages of the Greater Fool phase of the market. It’s too soon to bail out. “Winter time is coming, the windows are filled with frost. I tried to tell everybody, but I could not get across. I want to be your lover, baby, I don’t want to be your boss. […]

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Characteristics of Highly Accomplished Investors, Part 2

characteristics of highly accomplished investors

In this installment of Characteristics of Highly Accomplished Investors, I drill down into the details to give you a practical sense of what it takes to become a Master Investor. The List of Characteristics In part 1 of this series I listed 11 characteristics or traits that are shared by highly accomplished investors. A quick review […]

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The Greater Fool Theory

dilbert

One of my favorite TV shows in recent years is HBO’s The Newsroom. The guy who writes the show, Aaron Sorkin, is known for fast-paced, snappy dialog. In the final episode of season 1, economics reporter Sloan Sabbith (played by the lovely and talented Olivia Munn) tells her boss, anchorman Will McAvoy (played by Jeff Daniels): […]

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Characteristics of highly accomplished investors

skill

What do Warren Buffett, George Soros, Carl Icahn, Ray Dalio, Abigail Johnson, James Simons, Thomas Peterffy, Ron Perelman, and Steve Cohen all have in common? They are all highly accomplished investors. And they make up 9 out of the 10 richest Americans, according to Forbes, Inc. Introduction The fact that 9 out of the 10 […]

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Are You A Secret Market-Timer?

Here’s something that you might not know. You might be a market-timer, even though you may not be aware of it. Market-timing gets a bad rap in the investment community. Most experts say that it’s nearly impossible to improve your results by jumping into and out of the market. Sure, anyone can get lucky and […]

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What Kind of Investor Are You?

stock-market

Over the course of my 35 years as a trader, portfolio manager, and personal investing coach, I’ve worked with thousands of investors. I’ve trained them, advised them, and coached them. I’ve observed a few common traits that investors share, which allows me to categorize them into different investor types. What follows is a summary of […]

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Doing God’s Work as an Investment Advisor

camel

Investment Advisors, fearing extinction, have turned to God to defend their purpose on earth I admit it. It irks me when I hear an investment advisor try to claim the moral or ethical high ground in order to buttress his or her argument for a “beat-the-market” strategy. Even when the sales pitch is obviously wrong […]

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Markets In Freefall After Brexit Vote

market instability

As usual, global stock and currency markets are in freefall after the surprise Brexit vote. Should you sell your stocks, mutual funds, and ETFs? No. It’s too late for that. The S&P 500 futures are limit down as I write this (early Friday morning), and there’s no telling where the U.S. stock market will finally […]

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