Lately, I’ve been thinking a lot about expectations. Specifically, how much they can influence our level of satisfaction with our lives. So much of what we experience as happiness or disappointment depends not only on what actually happens, but also on the expectations we bring...
It seems that everywhere you turn right now you run into discussions of AI. Whether it be the long-term implications of AI, the investment thesis, the environmental impact, or just technology advancement in general, it seems to have seeped into every facet of life. This...
The stock market is having another banner year. Through September 23rd, the S&P 500 is up 12.5%, and has more than doubled since the start of 2023. What's driven the run-up? Earnings! Earnings, earnings, earnings. As an investor in the stock market, that's what you...
Toward the end of last year and into the spring of this year I found myself reading a number of books that were written in the years prior to the start of World War II, as Hitler was gaining power. Among them were Patrick Leigh Fermor's...
Mortgages are back in the headlines with rates climbing slightly back up after rising Treasury yields and some renewed inflation pressure. And at the same time, median existing home prices are hitting new highs. There was some hope earlier this year that a 30-year mortgage...
Let's be honest, there's a certain attraction to investing in individual stocks and trying to pick the next winner. Maybe it's a need to act on the feeling that this or that stock has to go up because it's part of the next world-changing technology....
“Find out who you are. And do it on purpose.” It is rare these days that a well known person passes away and the immediate response is widespread adoration. However, that was certainly the case for Dolly Parton, who passed away this week. You could likely...
Trump Accounts--also known as Section 530A accounts--were created as part of President Trump's One Big Beautiful Bill Act (OBBBA), which was signed into law on July 4th, 2025. I wrote about these accounts a few weeks before the bill was passed and what I thought...
"We’re all being surprised at the same time." Seth Godin riffed on this Keith Jarrett quote (regarding jazz improvisation) a few days ago, and I thought I'd pick it up as well. Keith Jarrett. JPRoche, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0, via Wikimedia Commons I've always liked the idea of jazz...
As I write this post, the S&P 500 and DOW Jones are reaching new all-time highs. Would you have believed me if I told you that back at the end of March, when the S&P 500 was down almost 7% from the start of the...
