Month: August 2018

Challenge to Judgement

In 1974, Paul Samuelson writes an article in the Journal of Portfolio Management titled “Challenge to Judgement.” The article questioned the concept of active management and hinted at the origin of the first index fund. The article is a short read but can be summed up with a quick quote from Paul: “At the least,…

Read More

The Downside of the Internet

With the advent of the internet, the availability of almost anything you can think of is only seconds away. Whether it’s a recipe, directions, homes for sale, or a digital copy of the encyclopedia, you can pretty much find anything you’re looking for in a matter of seconds. Social media, being part of this internet…

Read More

Luck or Serendipity

When you think about the future, where do you see yourself? For some, it’s retiring in a place you love and enjoy. While for others, it’s building a wonderful business and career that is both challenging and rewarding. But when we think of these goals we set for ourselves, how do we actually get there?…

Read More

Is Investing Really Gambling?

What do you see when you look at your investment portfolio? To some investors, it seems like small bets scattered across many stocks. But what really are we doing when we buy investments? Let’s begin with what you are actually buying; Assets and Cash Flows. With gambling, your dollars are handed over to some dealer or…

Read More