Thoughts and musings from my desk to you.
Death and Taxes
Step-up in Basis Rule, Tax StrategyEverybody has heard the old saying that nothing is certain in life except death and taxes. But not everyone knows how death and taxes are inextricably linked.
Read MoreEmotional Investing Mistakes
Behavioral FinanceInvesting is an emotional art form with very little science, although Wall Street does a great job of creating the illusion of scientific certainty with their expensive strategies. Even if they were scientifically advantageous, it’s all moot if clients make emotional mistakes.
Read MoreInvesting is All About Perspective
Behavioral Finance, InvestingAs investors attempt to navigate choppy waters, we often come to realize how difficult it is to predict the future. Most tend to project today into tomorrow and more dangerously, we tend to act today based on what we feel about tomorrow.
Read MoreSmart Money? Maybe. Brilliant Money. Never.
InvestingLike all industries, there is a pecking order in the investment arena, a hierarchy if you will. At the top of the financial pyramid are the hedge fund and private equity businesses.
Read MoreInvestor Trendspotting
Investing, stock marketOne of the greatest misconceptions investors have embedded in their psyche is the assumption that predictions about the future are accurate or even valuable. I struggle with it too.
Read MoreHedge Funds' Comeuppance
InvestingHedge fund managers are far and away the wealthiest and most powerful operators on Wall Street. This is despite producing some of the worst overall results for investors.
Read More