I received some great feedback on my post from my post earlier this week on the challenges involved with beating the market (see: Something Most Investors Simply Cannot Accept). But some people seemed to misinterpret my message. The point of showing the statistics on the underperformance of active management is not necessarily to convince someone...| A Wealth of Common Sense
In a recent Q&A with Patrick O’Shaughnessy, I said the following when asked about the momentum factor: I’m a huge fan of the momentum factor, mainly for its diversification benefits. It’s also the least understood of the well-known risk factors. I’ve done a ton of work on momentum in my day job, but haven’t been...| A Wealth of Common Sense
May 2016 | A Wealth of Common Sense
Some charts about value investing, small caps, gold and more.| A Wealth of Common Sense
An update on long-terms for stocks, bonds, cash, real estate and gold.| A Wealth of Common Sense
September 2025 | A Wealth of Common Sense
A closer look at the biggest driver of stock market returns over the past 13 decades. The post Why is the Stock Market Up So Much in the 2020s? appeared first on A Wealth of Common Sense. ...| A Wealth of Common Sense
On today's Animal Spirits Talk Your Book we talk to Matt Bartolini from State Street and Chris Ward from Bridgewater Associates about the SPDR Bridgewater All Weather ETF, the strategy's origins, how it works, the fees involved and much more. The post Talk Your Book: Investing in the All Weather Strategy appeared first on A Wealth of Common Sense. ...| A Wealth of Common Sense
Some thoughts on stock market symmetry and asymmetry. The post How Bear Markets Work appeared first on A Wealth of Common Sense. ...| A Wealth of Common Sense
The AI bubble has gone plaid. The post The Weirdest Bubble Ever appeared first on A Wealth of Common Sense. ...| A Wealth of Common Sense
Some career advice for a 20-something. The post The Most Important Skill in Finance appeared first on A Wealth of Common Sense. ...| A Wealth of Common Sense
On today's show we discuss bubble behavior from tech CEOs, the AI inflection point, S&P 10,000, panic selling, $7.7 trillion in money markets, the two-speed economy, most IPOs are terrible investments, how to bring down mortgage rates, the demographic housing battle, youth sports and more. The post Animal Spirits: A Mania is Brewing appeared first on A Wealth of Common Sense. ...| A Wealth of Common Sense
Some thoughts on Alexander Hamilton, Benedict Arnold, Liam and Noel Gallagher. The post Alexander Hamilton, Oasis and the Cost of Envy appeared first on A Wealth of Common Sense. ...| A Wealth of Common Sense
On today's show, we are joined by Graham Day, EVP and CIO of Innovator Capital Management to discuss what the Dual Direction ETF is, how the portfolio is constructed, different outcomes with this product, the timing around buffered ETFs, and much more. The post Talk Your Book: Making Money When Stocks Are Up or Down appeared first on A Wealth of Common Sense. ...| A Wealth of Common Sense
Does anyone actually follow the 4% rule? The post Why the 4% Rule is More Like the 2% Rule appeared first on A Wealth of Common Sense. ...| A Wealth of Common Sense
Small caps vs. large caps vs. IPOs.| A Wealth of Common Sense
How average returns change by holding period.| A Wealth of Common Sense
A historical look at mean reversion on the U.S. stock market.| A Wealth of Common Sense
A deep dive into how financial advice has changed by decade.| A Wealth of Common Sense
How the AI arms race is impacting the economy.| A Wealth of Common Sense
The story of Bob, the world's worst market timer.| A Wealth of Common Sense
2025 | A Wealth of Common Sense
Lessons from Greg Zuckerman's book on Jim Simons.| A Wealth of Common Sense
A look back at the start to my investment career on the sell side.| A Wealth of Common Sense
Good luck betting against America.| A Wealth of Common Sense
February 2024 | A Wealth of Common Sense
Larry Ellison, Warrn Buffett and the labor market.| A Wealth of Common Sense
Some things I've learned from my time in wealth management.| A Wealth of Common Sense
Answering a question about emergency funds and cash as a strategic portfolio allocation.| A Wealth of Common Sense
On today's show, we are live in Huntington Beach, California for Future Proof 2025.| A Wealth of Common Sense
On today's Talk Your Book we speak with Ehren Stanhope from Canvas Custom Indexing about the evolution of investment products, why 2019 changed everything, how financial advisors are using Canvas with their clients and why technology is such an important component in this process.| A Wealth of Common Sense
Some lessons learned from 10 years at RWM.| A Wealth of Common Sense
You can't trust sentiment readings anymore.| A Wealth of Common Sense
Some thoughts on historical valuations an what they mean for the current environment.| A Wealth of Common Sense
Bad stuff happens and the stock market still goes up.| A Wealth of Common Sense
On today's show we discuss rich people everywhere, why this isn't like the dot-com bubble, the markets don't care about bad vibes, junk bonds are on a tear, there are more ETFs than stocks, Reddit loss porn, American exceptionalism, what would actually fix housing, the S&P 500 is outperforming private equity, 7 year auto loans, the 9-9-6 lifestyle and more.| A Wealth of Common Sense
Follow your passion and other useless career advice.| A Wealth of Common Sense
In a recent post I quoted Warren Buffett who said, “The most important skill in finance is salesmanship.” I said that I completely agreed with this statement, but it took me a while to come to this understanding. A few people asked so I decided to expand on these thoughts. I always used to assume that sales were...| A Wealth of Common Sense
May 2025 | A Wealth of Common Sense
Why stocks don't always outperform bonds over the long-term.| A Wealth of Common Sense
At the lows, the S&P 500 was off roughly 34% from its highs. From those lows it’s now up almost 25%. This is confusing to many investors for a number of reasons: The economy is still effectively shut down for the foreseeable future The unemployment numbers continue to worsen as jobless claims in the past...| A Wealth of Common Sense
April 2021 | A Wealth of Common Sense
Fed rate cuts with the stock market at all-time highs.| A Wealth of Common Sense
May 2015 | A Wealth of Common Sense
I remember when The White Stripes burst onto the scene from Detroit in the early-2000s. Their sound was unique. Their look was unique. And no one could figure out what the relationship was between Jack and Meg White. Are they brother and sister? Are they married? Maybe they’re cousins? This was the early days of...| A Wealth of Common Sense
A look back at the 1920s Florida real estate bubble.| A Wealth of Common Sense
June 2022 | A Wealth of Common Sense
Why should I invest in international stocks?| A Wealth of Common Sense
May 2024 | A Wealth of Common Sense
Could we see another lost decade in the U.S. stock market?| A Wealth of Common Sense
I finally got around to reading Bull: A History of the Boom and Bust, 1982-2004 by Maggie Mahar and it was well worth my time. This book provided a fantastic history lesson on the years preceding and during likely the greatest bull market the U.S. will ever see. It’s great to have the ability to have a...| A Wealth of Common Sense
How the Businessweek story on The Death of Equities is playing out with Millennials today.| A Wealth of Common Sense
Historical returns for stocks, bonds and cash from 1928-2023.| A Wealth of Common Sense
A short history of bond bear markets.| A Wealth of Common Sense
August 2025 | A Wealth of Common Sense
How have index funds impacted stock market returns?| A Wealth of Common Sense
On today's show we discuss what happens to the stock market after Fed rate cuts, is this 1996 or 1999, why value stocks need a recession, investors love options, how people invested before the Internet, why we need a correction and much more.| A Wealth of Common Sense
Are we closer to the start or end of a bubble?| A Wealth of Common Sense
On today's Talk Your Book we speak with John Burrello, Senior Portfolio Manager from Invesco about their Income Advantage suite of ETFs, how options work, the risks involved in big payouts and more.| A Wealth of Common Sense
My talk with Carl Richards about how to have difficult conversations.| A Wealth of Common Sense
Some thoughts on the 2010s vs. the 2020s when it comes to investor mindsets.| A Wealth of Common Sense
How to save enough money to start a business in a short period of time.| A Wealth of Common Sense
On today's show we discuss why the stock market is getting boring, S&P 493 vs. the Mag 7, are small caps dead, it's tough being a contrarian, healthcare stocks are cheap, the K-shaped food industry, the tariff impact is comiing, renting vs. buying, million dollar houses and more.| A Wealth of Common Sense
Will AI replace investment analysts?| A Wealth of Common Sense
On today's Animal Spirits Talk Your Book, we speak with Craig Bewick, Head of Retail Education for the CME Group about how futures contracts work, why retail investors are becoming a bigger part of the futures market and more.| A Wealth of Common Sense
Comparison is the thief of joy.| A Wealth of Common Sense
What would you do if your entire portfolio was sitting in cash right now?| A Wealth of Common Sense
April 2024 | A Wealth of Common Sense
The parallels between the end of the Go-Go Years in the late-1960s and the current growth stock sell-off.| A Wealth of Common Sense
The stock market is heartless but it's also smart than most of us.| A Wealth of Common Sense
The 2007-2009 economic crisis was an all-time horrible situation not only for all of us normal people who had to live through it but also those central bankers who had to figure out how to save a sinking ship. They basically threw the kitchen sink at the problem and we’re all better off for it...| A Wealth of Common Sense
There are some residual scars remaining from the Great Financial Crisis but it feels like a distant memory in many respects. Most people seem to have moved on. That didn’t happen quite so quickly following the Great Depression. Those involved had memories of that crash that lingered for decades. People more or less stopped going...| A Wealth of Common Sense
I spoke with Bill Bengen, creator of the 4% rule about withdrawal strategies in retirement.| A Wealth of Common Sense
Managing stock market risk in retirement.| A Wealth of Common Sense
October 2024 | A Wealth of Common Sense
Why I'm not all that worried about stock market concentration or government debt levels.| A Wealth of Common Sense
On this week’s podcast we discussed some stats from a recent Bloomberg piece about the lottery: The lowest-income households in the U.S. on average spend $412 annually on lottery tickets, which is nearly four times the $105 a year spent by the highest-earning households, according to a study released on Wednesday by Bankrate.com. And almost 3 in 10 Americans...| A Wealth of Common Sense
A performance summary of the various stock and bond markets aas of September 30, 2013.| A Wealth of Common Sense
The world is getting better (even if you can't see it on a daily basis).| A Wealth of Common Sense
How unlikely was it that the Roaring 1920s occurred following what transpired leading up to it?| A Wealth of Common Sense
When the fear of being in morphs into the fear of missing out.| A Wealth of Common Sense
January 2021 | A Wealth of Common Sense
Rich people who don't feel rich.| A Wealth of Common Sense
Silicon Valley Bank vs. the Panic of 1907.| A Wealth of Common Sense
Are we in another tech bubble?| A Wealth of Common Sense
July 2025 | A Wealth of Common Sense
Bull market behavior.| A Wealth of Common Sense
Is it good or bad to start investing in a lost decade? Will we still have lost decades going forward?| A Wealth of Common Sense
On today's show we discuss the why stock market returns can't be 15% per year forever, putting the Mag 7 into context, small caps are cheap, retail runs the show now, Opendoor is the new meme stock, investing is easy, owning 50% of a single stock in your Roth IRA, explaining Bitcoin, the Midwest real estate boom, losing your iPhone and more.| A Wealth of Common Sense
Some similarities between Steve Jobs, Warren Buffett and John Rockefeller.| A Wealth of Common Sense
On today’s Animal Spirits Talk Your Book, we speak with Dave LaValle from Grayscale Investments about how a bitcoin ETF was approved, what’s coming next in crypto and how to think about the volatility of investing in these assets.| A Wealth of Common Sense
A historical look at S&P 500 returns by decade back to 1980.| A Wealth of Common Sense
How does this cycle come to an end?| A Wealth of Common Sense
On today's Animal Spirits we discuss a nervous stock market rally, U.S. corporate exceptionalism, how the stock market bottoms, the worst decade ever for bonds, rich people who don't feel rich, Apple vs. Meta, Bitcoin's market cap, the upper middle class is getting too crowded, private equity vs. youth sports and more.| A Wealth of Common Sense
Some questions about AI, Doordash, Blockbuster, baby boomers in the housing market, $50k cars and more.| A Wealth of Common Sense
The growing importance of the stock market on the economy.| A Wealth of Common Sense
April 2025 | A Wealth of Common Sense
Why money doesn't make you content.| A Wealth of Common Sense
If your work is unfullfilling, the money will be too.| A Wealth of Common Sense
