The Facebook Flop: Or, why you don’t need to be a genius to be an investor

Without a doubt being a genius helps, in all things. Studies show a correlation with a longer lifespan and higher quality of late-stage life, even less injuries. However, it has not been shown quantitatively or subjectively (see Jack Schwager’s Market Wizards) to provide any consistent edge in the marketplace. Personally I find this equalizing feature of the markets one of its most attractive and fascinating features. All it takes to lose or win is being […]

21st Century Mania

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” – Charles MacKay For the last roughly twenty years we’ve been in an era where every new technological innovation is met with feverish acceptance and mimicry. Even with a massive systemic market correction conspicuously remembered as “The Dot-com bubble”, investor sentiment has shown no abatement toward […]