Very few people can take a 60% drawdown without panicking. I’m not predicting a bear market anytime soon, but we will get one someday. And when it comes, a lot of people will chop themselves to...
If your hands are not shaking when you buy a house, it’s because you don’t fully grasp the risk involved. Sure, most of the time, it works out fine—except when it doesn’t.
Don’t quit your job to day trade. It’s stressful and unforgiving. And 99.9% of people who try will slowly bleed to death.
Money is meant to be spent. Leave too much behind, and your kids will wind up becoming Trustafarians.
If you woke up this morning and thought, “Maybe I should buy some bitcoin,” you are the caboose. You could have bought bitcoin at any point in the last 10 years—now you’re the last one in the...