Don’t Invest Like a Caveman
I recently finished reading “The Undoing Project” by Michael Lewis which follows the private and public lives of two psychologists: Daniel Kahneman and Amos Tversky. These two psychologists were the first to really examine the psychology of decision making. One…
After Brexit, Is Cash King of the Investment Universe?
When Great Britain voted to leave the European Union in late June, the media had a field day. Stock markets across the globe were down significantly the following Friday and Monday after the vote. It was certain, according to any…
The Stock Market Has Bounced, Now What?
Since the highs in July the S&P 500 had corrected about 14% – the Dow Jones fell even more. In September, just when things looked about to get worse, the market started moving higher and has not stopped. As of…
Selling Stocks Is Easy
There are few things worse than having the market go against you. As a Wall Street trader for many years, I have had tens of thousands of positions go against me – not fun, but each was a lesson learned….
Is Market Negativity Good For Stocks?
With the Dow Jones Industrial Average down 8% year-to-date, investor attitudes are gloomy at best. Yet the US stock market is at the same point it was in September of 2014 – we are close to “unchanged” on a year-over-year…
How To Handle Stock Market Crashes
My rule #1: Panic when others are calm, be calm when others are panicking. This rule served me well during my time on Wall Street – some of my best trading days occurred on days when “panic” was in the…