No money-management firm can serve two masters. It must choose between being a marketing firm and an investment firm.
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International diversification hasn’t worked lately, but it will.
Most investors who say they do are just kidding themselves.
When talking about their forex trades, losers use a muzzle while winners use a megaphone. No matter what you invest in, you can’t get better at it unless you focus on the one thing nobody likes to pay attention to: your losing bets.
Good advice rarely changes, while markets change constantly. The temptation to pander is almost irresistible. And while people need good advice, what they want is advice that sounds good.
A look back at the Internet bubble from one who was there.