You magnificent ba**ard, I read your book!
There’s a famous scene in the movie Patton where the maverick general George Patton looks out at a retreating German army and growls,...
Dangerous thoughts on the next crisis
There's an old trading aphorism that markets climb a wall of worry. Over the past 8 years, that wall has been even higher than usual....
6 things I learned in 2016 from watching markets & Manchester United
"Some people believe football is a matter of life and death...I can assure you it is much, much more important than that." - Bill...
Trumponomics
At long last, the US elections are over. Like many others, I was surprised by the outcome, which was a sharp reminder that we live in an...
Grab Bag (5 Nov 2016)
Finance 1) Some savers and politicians blame central banks for low rates. They're at least partially right. Investors earn returns as...
How boring & excellent made Vanguard an investing behemoth
You don't get to manage $3.5 trillion in assets (that's trillion, with a T, folks!) without doing something special. Patrick...
Visionary or Foolish Wanderer?
One of the interesting things about blogging is trying to understand which posts become popular and why. Some of my favourite posts end...
Building A Muscular Portfolio
Any investor worth his salt spends as much time thinking about portfolio construction as he does about security selection....
