Zillow recently published several interesting articles that provide valuable perspective on the age-old question of the wisdom of buying a home versus renting. Of course, there are lifestyle and psychic benefits to home ownership, but it turns out that the question of whether...
Retirement at 65 was never based on biology or a scientific determination that people become “old” at that age. Instead, it gradually became institutionalized through government programs such as Social Security and Medicare. The median retirement age is currently 62, but a clearer...
Stock market investors are optimistic by nature, and that is particularly true today as they have record exposure to equities and are employing many strategies and vehicles that could be deemed highly speculative. On the other hand, bond investors tend to be somewhat...
We all know that Capitalism is rough and tumble with intense competition that makes it difficult for companies to stay on top for very long. Harvard Business School Professor Clay Christensen developed the theory of “disruptive innovation” which is one of history’s most...
Most investors do not have the time horizon they claim to have. Instead, they have the time horizon they reveal through their behavior. In fact, I believe most people have three investment time horizons: Stated Time Horizon-What they tell their advisor (or themselves)...
There are a number of classic signs of speculative fever in the capital markets, and they are all currently present. Valuation: P/E ratios have moderated somewhat due to strong earnings, but they remain in the top 5% of historical experience. Companies with no...
