Category Archives for "Critical Thinking Skills"

How to Increase Your Odds of Winning at the Investment Game

How to Increase Your Odds of Winning at the Investment Game Summary Stock market strategy can be understood using game theory. The players in this game have widely different skill sets. Profits flow from low-skilled players to those with better skills. Every investor has a strategy, even if that strategy is “I just go by […]

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Are You Paying For Useless Advice?

smart beta wizard

Are you paying for useless advice? False experts, the “Hot-Hand Fallacy”, and the “Law of Small Numbers.” Can people be fooled into believing in a non-existent expert? If so, will they then pay for what can only be described as useless advice about future chance events? The answer is yes, and this type of misjudgment […]

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Investment Advice: What’s Real and What’s For Sale?

stp vasoline from purple

Lyrics from the song “Vasoline” by STP: One time a thing occurred to me What’s real and what’s for sale? Search for things that you can’t see Going blind, out of reach Somewhere in the vasoline Why am I quoting lyrics from a song by Stone Temple Pilots in an article about investment advice? Because […]

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ZenInvestor Core Beliefs – Key Investing Concepts


There are certain concepts and principles that I believe are absolutely critical for successful investing. I call them Beliefs because I’ve learned them from personal experience – first as a securities analyst, then as a professional trader, and finally as a portfolio manager. These are the ideas that I strongly believe will empower you to […]

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Early Winners & Losers in the First Month of Trump

Barron's cover

What can the early winners and losers in the stock market tell us about the possible impact of a Trump administration on businesses and the economy in 2017? There are some clear patterns emerging in the price action of certain sectors and subsectors of the market. There are some clear winners and losers. It’s too […]

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What Kind of Investor Are You?


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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What a Trump Presidency Might Mean for the Stock Market

eisenhower stock market

Every four years, investors try to anticipate what the outcome of the presidential race will mean for the stock market and their portfolios. This topic is contentious and infused with partisan bias. I’ll provide some useful context for those heated discussions, for your investment plans, or for casual cocktail party fodder. The question at hand […]

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Doing God’s Work as an Investment Advisor


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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Characteristics of Successful Investors


The character traits and behavioral habits of the most successful investors are diverse, and there is no guaranteed formula for success. Nonetheless, by looking at the shared characteristics of the most successful investors of the last 100 years, we can learn some valuable lessons. These are the shared personality traits and behavioral characteristics of the […]

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