Fear & Panic
An excerpt from the US Army Survival Manual: The greatest enemies in a combat survival and evasion situation are fear and panic. If uncontrolled, they...
March 10, 2020
Don’t Be a Turkey
A turkey's view of the world is highly rationale. It's fed by a butcher for a thousand days. It wakes up every day...
November 22, 2018
A Word About Risk
We don’t avoid risk. Avoiding risk also means avoiding returns. Instead, we accept risk when, and only when, we are being compensated for taking it. Or as...
April 29, 2018
Flash Crash or Topping Process?
We may not be able to predict the markets, but one thing we can always see coming: a lot of hype whenever markets...
February 7, 2018
The Quiet Revolution Manifesto
Susan Cain is the co-founder of Quiet Revolution and the author of Quiet: The Power of Introverts in A World That Can’t Stop...
November 3, 2017
Visiting and Learning from the Past
I recently had the pleasure of spending a week in the Czech Republic. We enjoyed the stunning city of Prague, but I also...
April 20, 2017
What if We’re Wrong?
In our annual letter to investors this year, we discussed the difficulty of evaluating past decisions for validity without contaminating the assessment with...
March 17, 2017
Timely (Free) Advice
This wonderful advice from Fred Schwed was originally published in 1940 - some things never change. “When there is a stock-market boom, and everyone...
September 25, 2016
Nice Bottom
In our last post, The Cost of Comfort, we suggested investors should hold their noses and put some cash to work. Markets have tended...
July 3, 2016