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The Stock Market Never Changes

The Stock Market Never Changes

Charley Ellis wrote a great book about the index fund revolution back in 2016. One of my favorite parts of the book is where Ellis looks at how Wall Street has changed in the past 50 years: MBAs were uncommon. PhDs were never seen. Commissions still averaged 40 cents...
How much trend? – MAN

How much trend? – MAN

Today’s post looks at a recent paper from MAN on how much trend following to include in your portfolio. Honey, I Shrunk the Trend Following For reasons that I hope will become clear, the paper is called “Honey, I Shrunk the Trend Following”. The subtitle is clearer:...
How Much Money You Need For Retirement

How Much Money You Need For Retirement

A reader asks: On this week’s episode, you guys mention that nobody uses the 4% rule. I have been tracking my annual expenses for the last few years and multiplying it by 25 as a ballpark figure of what I need to retire. Is this not a good way to estimate? If not,...
Buying a House at the Top of the Market

Buying a House at the Top of the Market

Greg Ip at The Wall Street Journal penned a piece recently that warned potential homebuyers about the prospect of low returns from current levels: I don’t need to offer any more details from the story because you already know them. Housing prices are up a lot....