dot-com bubble
Today I was reading an interesting article in the WSJ describing the increased risk-taking that many retirees and near-retirees are taking with their investment portfolios.     For instance, “nearly half of Vanguard 401(k) investors actively managing their money and over age 55 held more than 70% of their portfolios in stocks.  In 2011, 38% did so.  At...
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Understanding investor psychology is one of the most crucial elements to investing successfully.  The ebbs and flows between exuberance and pessimism creates both opportunities and risks.  The current equities market is being driven by euphoria surrounding artificial intelligence technology.  The 7 or 8 companies that are perceived to the primary beneficiaries at this early stage...
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One of the hardest aspects of investing is dealing with the psychological challenges financial markets present.  Mr. Market’s extreme pessimism or optimism can be contagious at exactly the wrong time, leading to big losses and permanent losses of capital, which are precisely what we are most focused on avoiding.  The current market is being dominated...
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