The Green Lumber Fallacy, outlined in Nassim Taleb’s book Antifragile: Things That Gain From Disorder, is the idea that "a supposed understanding of an investment rationale, a narrative or a theoretical model" is often more unhelpful than helpful in practical trading/investing.Read More
"It is the markets’ job to reallocate money from the ignorant to the intelligent, from the lazy to the hard working and studious; from the naive to the educated, and from the speculator to the investor.” Barry RitholtzRead More
Today we are going to tackle an important question … a very sane question … what ARE you really investing in when you buy a Bitcoin or any of these other cryptocurrencies? And … are all of these coins created equal?
I think this is important because people are rushing into crypto, without understanding ... thinking they are buying something like a stock … and it very much isn’t.Read More
Today’s topic is 3 things I believe about Bitcoin others think are crazy
Why do we care... because they make me and my students money and cost people money who don’t understand them ...Read More
Why that is wrong ... even for a 75 year old.
And the misconceptions about investing in cryptocurrency!Read More
Most amateur investors make the mistake of chasing returns.
In the world of crypto-currencies, this manifests as investing in the hot alt-coin of the moment, investing in cheap coins so you can buy more in case it pops and trying to day trade or swing trade.
Chasing returns is a rookie mistake that eventually turns out to be VERY expensive.Read More
If I put $50K of a $2M retirement portfolio in, if I lose it, it makes me sad, but it is not life changing. If, on the other hand, that $50K becomes $300K, that is meaningful. It is that upside downside skew that makes investing, if you have risk capital to do it, so compellingRead More
A.K.A. Why investors suck at investing
First principles are your touchstones. They tell you what to do and how to think about any situation that might arise …
Everything you do, in terms of your investments, should flow from those first principles.Read More
It is troubling to me that some people are so derogatory towards paid advice:
If this model of people doing on their own was so great, why are so many doing it wrong?
* Goal is to
* maximize profit
* (without hedging mechanisms of more mature asset classes)
* Strike balance between opportunity and risk
"I am chomping at the bit to get in but my wife is convinced we will lose all of our money. And she has absolutely forbidden me to touch our retirement savings. Is investing our retirement savings in Bitcoin a bad idea? "Read More
A.K.A. Crypto Investing For Old Fogeys! 😉
In this video, we explore 1) What Bitcoin/cryptocurrency is; 2) What you need to know about Bitcoin and crypto to invest in it, which frankly may surprise you what I am going to say here …Read More
And now on to the topic at hand …. HODLing and why I think it is a terrible idea in this market!!
* Way too early in the market cycle to consider a Buy and Hold strategyRead More