I’ve been working my way through the book ‘The Last Lecture’ by Randy Pausch. If you aren’t familiar with the story, let me catch you up quickly. Randy Pausch was a professor of computer science, among other subjects, at Carnegie Mellon. Pausch passed away from pancreatic cancer in 2008. After being told he only had… [Read More] The Park is OPEN Until 8pm
Investor Behavior
We believe that an investor's behavior can seriously impact their market returns. This category page is dedicated to informing our readers of certain behaviors that are known to damage investor's returns over time. We also discuss strategies to avoiding these damaging behaviors.
The Rashomon Effect: What To Do With Narratives
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
Guitar Lessons and Robo-Advisors
I’ve been attempting to teach myself how to play the guitar for about two years now. Between YouTube videos, online classes, and e-books, I’ve gotten to be OKAY. A few months ago, however, I felt I hit a wall with my progress. It was frustrating. Having essentially taught myself the drums 12 years ago, I… [Read More] Guitar Lessons and Robo-Advisors
Investment Cartography
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
Why You Need to Be Like a 4-Year Old
To become a successful long-term investor, you have to be like a 4-year old. Let me explain. In 2016, Swiss-born philosopher and author Alain de Botton wrote an opinion piece for The New York Times titled, “Why You Will Marry the Wrong Person”. Naturally this title ruffled a few feathers, and sparked a lot of… [Read More] Why You Need to Be Like a 4-Year Old
It’s Never Your Fault
The Major League Baseball regular season ended last weekend, and the New York Mets finished in a disappointing fourth place in the National League East division with 77 wins. It was clear from the early stages of this season that the Mets were simply not a well-constructed team, and would have trouble making the playoffs. … [Read More] It’s Never Your Fault