With Age Comes Wisdom

With Age Comes Wisdom

With Age Comes Wisdom A few weeks ago I was sitting on the beach with my family, enjoying a few days away from the office.  Something about the sound of ocean waves and sand between my toes caused my thinking to become broader than usual.  I thought about the fact...
With Age Comes Wisdom

Leave It To Beaver

Leave It To Beaver Sir John Templeton was a pioneer in global investing.  He started his first mutual fund in 1954 – many decades before foreign stocks and before investors were comfortable with the idea.  It would take forty years for Modern Portfolio Theory, which...
With Age Comes Wisdom

Before It’s Time

Before It’s Time When I ask investors to define risk, you think it means losing all your money with no chance to recover the funds.  I think risk is the change in the value of your investments at certain intervals of time.  Risk is seen differently based on...
With Age Comes Wisdom

Our Propensity To Predict

Our Propensity To Predict Why is it that we are so – gullible, fascinated, obsessed – with forecasts?  Jason Zweig writes in his book, Your Money and Your Brain:  How the New Science of Neuroeconomics Can Help Make You Rich, asserts that there is a human compulsion to...
With Age Comes Wisdom

We Never Let Go

We Never Let Go A recent article in the Wall St. Journal shared the story of a stock mutual fund manager who maintains a buy-and-hold investment philosophy. Like him, every investment professional must adopt a philosophy for making investment decisions. The question...