This year went by in the blink of an eye. The fall was so busy, that I didn’t have time to write. The growth my firm experienced this year was incredible, bordering on insane. Every time I think I’ve hit my limit, I find a way to stretch and do a little more. So while the growth was painful at times, especially with two little kids at home, I know I’ve come out stronger, better, more efficient in the end. There were fewer blog posts this year, but some of them struck a chord with many of you.
Here are the most-read posts from 2021:
I believe adaptability will be the difference between success and failure for investors over the next decade. Adapt to survive, or refuse and die.
The sands of time shift the way the world of money works, if only ever so slightly. What worked in investing 40 years ago, may not work today.
I remember the first time I heard about Bitcoin. It was spring 2012, and I thought the concept was completely insane. How could there be value created from ‘mining’ digits on a computer?
Ida is barreling down on New Orleans on the 16th anniversary of Katrina. It’s hard to believe the irony. I don’t have a Katrina story. I watched the levees break from the 9th-floor trading desk of 1285 Avenue of the Americas as a young sales assistant at UBS.
The human brain was not designed to take a pot of money and invest it in risky assets to be spent decades in the future. We react to fear and greed in the moment. When our ancestors saw something that looked like a lion, they ran. It didn’t matter if they were wrong, they lived to see another day.
Which incentive is more powerful – The Carrot or The Stick? Any parent of a three-year-old can tell you that both are necessary. The trick is to find the right balance between the two.
Blindspots are dangerous for investors. They are risks that can come from left field and throw a wrench into an entire investment strategy.
Leverage amplifies market movements both to the downside and to the upside. Managing both sides of the balance sheet requires careful coordination, skill, and additional risk management tools.
As frustrating as it might be, we cannot compare the federal budget to a household. The government does not have to live within its means, especially it times of crisis, when additional spending is needed most.
Thank you for reading. I look forward to continuing this open train of thought in 2022. I wish you all a very Happy New Year!