We get asked — often — “how can you be so sure about these charts? Look at what the market did yesterday! Are you sure we’re doing the right thing?” Now, one of our favorite movies is “My Cousin Vinny” And when we hear these questions, it sounds a lot like the dialogue between Vinny… [Read More] How Can You Be So Sure?
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Co-founder of StockTwits, Howard Lindzon, recently wrote a post that really hit home for me. He talked about focusing on probabilities and its importance to investors: “I don’t believe in financial coincidences…there is only ‘inside information’ for the few and ‘probability’ for the masses…I am focused on probability. I am always trying to stack it.… [Read More] Focus on Probability to Stack the Odds for Yourself
I’ve written before about average returns and how they rarely occur. It’s great to look at long term market averages, but on a year-to-year basis, those averages should absolutely not be what investors expect. If you invest with the expectation of achieving average market returns year after year, you’re going to experience quite the emotional ride.… [Read More] Averages Can Be Misleading
Ben Carlson of A Wealth of Common Sense has this to say regarding the recent Greek drama: “If you’ve been following the Greek saga from the start you begin to realize that even the experts on the situation are pretty much just making it up as they go. How often do the economists change their… [Read More] We All Hate Uncertainty
If you aren’t familiar with Google Trends, I recommend checking it out. This useful tool measures how frequently a term is searched for in Google. Another feature lets you compare search terms to one another and analyze their relative popularity over time. This reminds me of point and figure relative strength charts, but I digress. Jimmy… [Read More] Google Trends Shows Disappointing Financial Search Data
We’ve all heard the saying, “Practice makes perfect”, before. It tends to be true whether you’re talking about public speaking, golf, playing the drums, or becoming a great cook. It’s been said that most successful individuals have failed more times than the novices have even tried. The recurring theme is to keep showing up and learning from… [Read More] Practice Makes Perfect