There are two sides to every story. Or, when it comes to the 1950 film, Rashomon, four sides. After its surprise Golden Lion victory at the 1951 Venice Film Festival, Rashomon took the world by storm. The small Japanese film was created by the now-revered director and screenwriter, Akira Kurosawa. Rashomon is a mystery about… [Read More] The Rashomon Effect: What To Do With Narratives
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Here we cover working with an investment advisor, how to find an investment adviser, what kind of questions to ask an investment adviser or financial advisor. We also cover topics like knowing the differences between stockbrokers (also known as financial consultants, financial advisers) and investment advisers -- differences most individual investors may not know.
We also cover areas like fee-only advisors versus fee-based advisors, and fee-only advisors versus advisers working on commission. We don't trash any business model as wrong, but it's important you know how your adviser gets paid.
If you do not see a topic you would like discussed, feel free to get in touch with Thomas Mullooly and his team at 732-223-9000 or here.
Here are some of our most recent articles:
Imagine this: you’re in a car leaving town for a lengthy road trip. You reach the highway and push down on your gas pedal to accelerate. You can feel the car picking up speed, but something’s missing. There’s an eerie silence as the car begins to move faster and faster. Concurrent with a step onto… [Read More] Fake Diversification: The Skeuomorph Portfolio
We all have a worrier inside of us. The objects of our worry seem endless: health, loved ones, career path, investments, social status etc. And to top it off, when we realize we’re worrying we berate ourselves for worrying too much. It seems like an endless cycle, in which we are infinitely ensnared. We like… [Read More] Mental Warfare
Prepare for a hot take: the earth is a sphere. Now that I’ve lost all the flat-earthers, let me continue. Since the earth is a sphere, we cannot perfectly map its surface. Despite this, we’ve persisted in translating our three-dimensional world onto a variety of two-dimensional surfaces. We don’t really have a choice. In order… [Read More] Investment Cartography
In his excellent book, Factfulness, Hans Rosling shares a story that highlights a valuable lesson: Before modern medicine, one of the worst imaginable skin diseases was syphilis. The microbe that caused this disgusting sight and unbearable pain had different names in different places. In Russia it was called the Polish disease. In Poland it was… [Read More] The ETF Disease
While much of 2018 has been slow and steady, let’s remember: the Dow Jones Industrial Average slid over ten percent in two weeks, between January 26th and February 8th. Yes, the drops can happen quickly. The old cliche still works: markets usually climb up the staircase, but take the elevator down. It does not change… [Read More] The Dow Jones Industrial Average