No? or Yes, Yes?

South Park is an award-winning, animated TV show on Comedy Central. In one particular episode, we’re introduced to Ms. Claridge, an invalid who communicates only through a series of computerized beeps. One beep means “yes” and two beeps meaning “no.” There’s a scene in which an accident leads to several buildings burning down. Everyone believes the culprit is the local deviant, Trent...

The #1 Investing Book

I get asked all the time by friends and investors variants of the same question: “If you could give someone just one comprehensive book to learn about investing, what would it be”? So we chatted about it on the podcast the other day and I still don't have a good, single answer. We then put together a survey and received almost 1,000 responses.  I...

The Best Investing Book

I get asked all the time by friends and investors the same question.  And I don't have a good, single answer. "If you could give a recent college grad just one comprehensive book to learn about investing, what would it be"? Help me out, would love your feedback!  Will post the summarized answers next week...  

CAPE Ratio, Why Have Thou Forsaken Me?

A lot of people look at this bull market, valuations, and think somehow that value has forsaken us.  And that the much discussed CAPE ratio doesn't work.  They look at the CAPE ratio, at a current value of about 30 in the US, and think somehow that markets rising along with multiples expanding somehow invalidates the CAPE ratio.  (We'll...

A Bar Too High

For stocks to meet expectations over next 10 years, valuations must rise to highest they've ever been in history. That's quite a statement.  But it's not my math.  The formula comes from the founder of index investing and steward of the largest buy and hold investment company in the world...John Bogle. Some background: Last year we penned a post on "The John...

BBQ and Brews

Hosting a fun fintech meetup next week if you find yourself in LA...Wed May 17th, come say hello! RSVP and DETAILS HERE