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The True Cost of Actively Managed Investments
Not only are the exploits of the active managers more interesting, but they always seem to have a good reason for what they do. And when one of these funds chalks up a good year or two, you might wonder if you're missing out on something...
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Ancient Financial Planning Philosophy: Stoic Wisdom on Controlling the Controllables
In today’s isolated and anxious landscape, we turn to the ancient Greek philosophy of Stoicism to find a playbook for suffering less internally and attaining some modicum of inner peace. Stoicism focuses on virtue and controlling the...
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Complicated vs. Complex Systems: Why the Difference Matters
When you're dealing with a system that has many moving parts, it can be easy to assume that it's inherently complex. However, there's an important distinction between complicated systems and truly complex systems - and understanding...
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The Entrepreneurial Odyssey: Why People Choose to Become Business Owners | The Business Corner
What drives someone to take the leap into entrepreneurship? What motivates individuals to abandon the security of a traditional career path and venture into the unpredictable realm of business ownership?
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The Era In Which You Started Saving Affects How You Invest
Your attitudes and expectations about investing are heavily influenced by the financial environment in which you first started putting money away. And those, in turn, affect your investing behavior.
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Embracing Optionality: 8 Reasons to Base a Plan on Flexibility Instead of Prediction
Embracing Optionality, not Prediction: Calm and peace don’t come from knowing what will happen, they come from knowing that whatever happens, you’re ready. "Optionality" is the quality of being available as a choice, but not obligatory.
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Using Economic Data to Predict the Market? It's a Waste of Time
Peter Lynch had a famous quote: "If you spend 13 minutes a year on economics, you've wasted 10 minutes." A stock analyst who writes about the market under the penname Courage & Conviction recently looked at how wrong the big name forecas...
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Business Growth with Retention Strategies | The Business Corner
If you've ever experienced losing a vital team member firsthand, or even just worried about it, then you understand the significant impact this can have on a business. The people form the business, so understanding what motivates and...
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How Your Personality Can Affect Your Investment Performance
There are some people who would love it if you threw a surprise birthday party for them. They'd enjoy every aspect of it, from the sudden yell of "Surprise!" to being the center of attention to eating cake with a large group of friends...
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The Paradox of Progress: The Revolution of Rising Expectations and Maslow's Hierarchy of Needs
One might expect that revolutions occur in a society where conditions have gotten so bad that citizens are fed up, and have no choice but to rise up in a desperate attempt to change the status quo. Instead, however, revolutions...
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Understanding the Psychology of Financial Planning: Why Important Decisions Can Take the Backseat
Most people have great goals. The issue is ensuring actions are aligning with those goals. We cannot allow this cognitive dissonance to run our operation. Yet knowing where to start and what to even ask is what I believe often holds...
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Forecasts: Reasonable, Methodical, and Wrong
Late in 2022 the strategy team at Goldman Sachs Research released their forecast for the U.S. stock market in 2023.1 Based on what had happened the year before and on where the economy appeared to be headed, it seemed to be...
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Mastering Decision-Making in Business: Leveraging the Eisenhower Matrix | The Business Corner
In the fast-paced world of business, effective decision-making is a cornerstone for success. We only have so many hours in the day and, as...
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The Downside to Target Date Funds
At first glance these funds might seem like a great idea. But unfortunately, things don't always end up working the way they were designed to. And these funds have been getting more critical scrutiny...
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The Craftsman or the Tools: Which Matters Most?
You may have heard the old adage that "a craftsman is only as good as his tools." Today, I'd like instead to explore the converse of that statement, that tools are only as good as the craftsman who wields them. I'd argue that even...
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Welcome to the Holiday Season: How to make 2024 even more successful than 2023 | The Business Corner
The pursuit of having your best year in business is a common aspiration among entrepreneurs and professionals. With the right mindset and strategies, this ambition can become a reality. Here's a comprehensive guide to help you make the...
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Ask Yourself, "Why Am I Reading This?"
So, how good were the suggestions from mainstream financial news sources in 2022?
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Distribution is Different: What You Might Not Know About the 4% Rule
When you reach the phase where your assets must fuel your future income, how exactly will you get funds off of your balance sheet?
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Steering the Ship: The Significance of KPI and KAI Tracking | The Business Corner
Businesses need to make informed decisions, identify trends, and continuously adapt their strategies. These metrics are the compass that guides your business toward its objectives.
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How Do You Plan for a Future You Can't Accurately Predict?
The "end of history" illusion describes an inability to see ourselves changing substantially from how we are today. You shouldn't lock yourself into a future that won't fit who you are (or might be) in twenty years.
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The Search for Smoother Returns: Demystifying Factors, Alts, and Modern Portfolio Theory
Explore the important concepts around what it would take to build a portfolio with more stability and balance over time, how they can work together, why you should care, and what to do about it.
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Maximize Business Success: Plan With the End in Mind | Business Corner, October 2023
Imagine embarking on a long journey without a map. When you're ready to scale and grow, you need a dynamic, forward-thinking approach that empowers your organization to navigate uncertainties while staying true to its mission.
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When the Fear of Missing Out Causes You to Miss Out
Like any proverb, "The early bird gets the worm," has its limitations. You are going to want to pursue actions that have the best chance of resulting in success over the long-term.
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The Subsidy Is Running Out: Why Cheap Urban Amenities Aren't So Cheap Anymore
How and why your ride was previously so cheap because it was being subsidized by an investor.
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Why Redundancy is Your Financial Best Friend: Strategies from the Engineering World
Learn what engineers have known for a long time: Stop thinking of "redundancy" as a cost to be avoided, and start thinking about what it can contribute to your life.
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Why You Should Think of Yourself Like a Business: Net Worth is Dynamic, not Static
Unlike individuals, businesses are assessed based on their potential to generate future cash flows. It likely pays to think of yourself the same way.
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Why Patience Is Not Enough
Patience is a virtue, but... Patience is not enough. Let's talk about the importance of establishing the correct positioning.
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An Economy of Words
On May 16, 2007, economist Thomas Sargent accomplished something remarkable in the history of graduation speeches. He gave an address that, rather than flattering the graduates as is so typical, gave them sound advice. And it was so...
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