Big Tech and Big Round Numbers
The "macro" side of behavioral finance involves getting inside the heads of other investors to take advantage of the irrational decisions that people tend to make with their investments...
Doing Nothing in a Bull Market
As I continue my quest to clean out my Pocket queue, I came across an article from Ben Carlson on his A Wealth of Common Sense blog called "The Art of Doing Nothing." In my endless pursuit of the perfect work/life balance, I have often thought about the trap of "busyness" and the perils of pursuing perpetual productivity...
Bubblicious Irrationality
When I saw this Bloomberg article on bubble conditions, I immediately thought of last weekend at the Behavioral Finance Symposium in San Francisco. I helped run a workshop on the relationship of behavioral finance to trading and technical analysis...
Ten Quotes from the 2017 IFTA Conference
I recently attended the 30th annual conference for the International Federation of Technical Analysts (IFTA). The IFTA Conference is held in a different location every year, and this year's event brought us all together in beautiful Milan.
On FANGs and Euphoria
I read a series of articles on growth vs. value and the euphoric rise of the FANG stocks. Made me think a little more about "herding" and the emotional pull of uptrends...
A Brief Philosophy on Life
Re-reading my title for this post, I'm thinking that it would be impossible to come up with a more ridiculously all-encompassing headline. Why not just call it "Everything" or "The Answer"...?
Do Nothing Syndrome
As the equity markets continue to new highs, I'm reminded of Do Something Syndrome and the dangers of impatience. When your stocks are working, and charts are going up and to the right, why are you so compelled to mess it up?....
A Conversation with Ben Graham
I recently came across a 1976 interview with Ben Graham for the CFA journal. It was very interesting to hear his reflections on the financial industry in his twilight years. What struck me was his thinking on simplifying the investment process and a somewhat cynical view on the industry and its participants.
To Be Early/Late is Right/Wrong
Contrarian investing has always been a fascination of mine. From the first time I read Humphrey Neill's classic book The Art of Contrary Thinking, I've been watching magazine covers, newspaper headlines (above the fold, of course) and anything else that can suggest what the masses are thinking...
Charlie Munger on Economics
I've read Shane Parrish's Farnam Street blog for years, and as a result have developed a real appreciation for Charlie Munger's approach to investing and thinking and life. I'm so glad I finally read Shane's transcript of Munger's Herb Kay Memorial Lecture from 2003. I'd encourage you to take the time to read the entire speech, as he covers so much ground with his signature mix of dry humor and healthy cynicism.
Hi I’m Dave! Thanks so much for checking out the blog. Check out our free behavioral investing course and don’t miss an episode of Dave’s daily market recap show!
“Those who can not remember the past are condemned to repeat it.”