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How can I become a more disciplined investor?
Advice on how to triumph over your worst enemy: yourself.

Jason's Answers

Your Money: Signs that your heart rules your head
10/01/2004: The Times of London
In this interview with the London Times, Jason discusses how emotion and reason interact when you invest.

Peter`s Uncertainty Principle
10/01/2004: Money Magazine
Peter Bernstein may know more about investing than anyone alive. And the most important thing he knows is this: He has no idea what the future will bring.

The way of the calm investor
08/01/2004: Money Magazine
Follow these five steps and you`ll make better investment decisions -- and agonize less over them.

Tie me down and make me rich
05/22/2004: Money Magazine
Investing on autopilot is a powerful way to build wealth. So why is it so hard to persuade people to do it?

The Rip Van Winkle portfolio
03/19/2004: Money Magazine
Is it possible to invest so reliably that you won`t have to change anything for 20 years? It`s worth a try.

Ben Is Back: Lessons and Ideas from Benjamin Graham
This presentation summarizes the life and living legacy of Benjamin Graham, author of “The Intelligent Investor.” What can we still learn today from the greatest investment thinker who ever lived? Jason discusses the enduring lessons that every investor can – and should -- learn from Graham. (Note: AIMR charges a fee for access to this webcast).

Benjamin Graham and The Intelligent Investor
09/06/2003: Minnesota Public Radio
Jason talks with Stephanie Curtis of Minnesota Public Radio’s “Sound Money” about revising Graham’s masterpiece and why it remains so relevant today. You can listen to the interview here:

The Intelligent Investor (Public Radio)
Jason talks about how he edited the new edition of Benjamin Graham’s classic, “The Intelligent Investor,” and why the book is still relevant. You can listen to the interview, with Public Radio’s Cheryl Glaser, here:

R+U Lucky?
08/01/2003: F7Money Magazine, Vol. 32 No. 8
Some guys do have all the luck. Here\'s how to join them

Lessons From The Greatest Investor Ever
07/01/2003: Money Magazine, Vol. 32 No. 7
As The New Edition Of The Intelligent Investor Shows, Ben Graham Never Goes Out Of Style

Is Your Brain Wired to Make You Rich? The Neuroscience of Financial Decision-Making
03/01/2003: Hoover Institution
This speech, which Jason presented at the Hoover Institution at Stanford University, is a shorter and simpler version of a talk he gave earlier to the CFA Institute in 2002 [see May 14, 2002]. It’s an overview of how the human brain goes about making investment decisions – complete with colorful graphics of neurons firing away. [See also October, 2002.]

Are you wired for wealth?
10/01/2002: Money Magazine
What goes on inside your brain when you invest? Here’s how the latest breakthroughs in neuroscience can help make you smarter – and richer. [See also May 14, 2002 and March 18, 2003.]

Murphy Was an Investor
07/01/2002: Money Magazine, Vol. 31 No. 7
Why does it seem that whatever can go wrong will go wrong?

What Fund Investors Really Need To Know
06/01/2002: Money Magazine, Vol. 31 No. 6 Special Double Issue/Invest To Win
Our Exclusive Study Of Mutual Fund Returns Shows Which Ones Really Made Money For Investors And Which Ones Took Shareholders For A Costly Ride

Money and the Mind: How Neuroscientists Are Cracking the Code of Investment Behavior
Jason explains the exciting new insights into financial decision-making that are coming from groundbreaking research in neuroscience. This presentation, to the annual meeting of the Association for Investment Management & Research, outlines the roles that different parts of the human brain play in estimating probabilities, assessing risk and reward, and integrating emotion with reason. [See also October, 2002, and March 18, 2003]

Mind over Money
03/01/2002: PBS
In this broadcast on PBS’ “Nightly Business Report,” Jason discusses how to apply the principles of behavioral finance to become a better investor.

Online chat at Morningstar.com
03/01/2002: www.morningstar.com
Among other things, Jason discusses investment risk, diversification, index funds, market timing, and how the mutual fund industry should get its act together. (Note: free registration required.)

What\'s Eating You
12/01/2001: Money Magazine, Vol. 30 No. 13 Special Double Issue
How to cope with investing risk after September 11th, when everything seems uncertain.

What can we learn from history?
09/21/2001: www.cnn.com and Money Magazine
In the wake of September 11th, history holds an important lesson: Disasters don`t have a lasting impact on stocks.

Here Come the Bogleheads
09/01/2001: Money Magazine, Vol. 30 No. 9
On A Sunny Summer Weekend, Dozens Of Strangers Gather To Hear Jack Bogle Preach Vanguard\'s Investing Gospel. Don\'t They Have Anything Better To Do?

“I don't know, I don't care”
08/29/2001: 4:44 p.m. ET
Indexing lets you say those magic words.

Wall Street\'s Wisest Man
06/01/2001: Money Magazine, Vol. 30 No. 6
Getting rich off stocks is simple, says Charles Ellis. Here\'s how.

Do you sabotage yourself?
05/01/2001: Money Magazine, Vol. 30 No. 5
Daniel Kahneman has done more than anyone else to explain why most of us make so many mistakes as investors--and what we can do about it.

A Matter of Expectations
01/01/2001: Money Magazine, Vol. 30 No. 1 Special Forecast Issue
How much will stocks return in the future? Even forecasts that don\'t pan out have lessons for investors.

The Trouble With Humans
11/01/2000: Money Magazine, Vol. 29 No. 12
A look at the neuroscience of investing: Why rats and pigeons might make better investors than people do.

Performance Review: Part 3
08/01/2000: money.com
I've been answering your questions in Mutual Fund Mailbag for just about a year now, and I think I've gotten things mostly right. Just to be sure, though, I've asked some of the investing world's top minds for their two cents. In this three-part series, I square off with Vanguard's John Bogle, efficient-market theorist William Bernstein, and finance professor Terrance Odean on the issues you've written in most about. This week: Odean slaps me upside the head.

Don\'t Get Me Wrong
07/01/2000: Money Magazine, Vol. 29 No. 7
When should a fund manager--or an investor--admit a mistake?

Index funds
06/01/2000: IndexFunds.com
Should you have all your money in index funds? Jason debates the editor of IndexFunds.com on whether actively-managed mutual funds serve any legitimate purpose at all:

The Best Investor You\'ve Never Heard Of
06/01/2000: Money Magazine, Vol. 29 No. 6
From A Nondescript Apartment In Des Moines, Joseph Rosenfield--A Longtime Pal Of Warren Buffett-- Has Turned $11 Million Into $1 Billion. Who Is He, And How Did He Do It?

The first step
05/18/2000: money.com
Good investing isn't rocket science. Here's a plan to get you started that can last a lifetime.

Prodigal son
05/08/2000: money.com
Many investors have strayed in search of tech-sized returns, but repentant sinners can get back on the true path. (See also August 1, 2000.)

Fun funds
04/28/2000: money.com
Mutual funds marketed to children aren't bad, but there are better ways to turn on your kids to investing.

Questioning your faith
03/02/2000: money.com
Should you abandon those once-great value funds?

Diversification overrated? Not a chance
01/26/2000: money.com
Jason takes issue with an article in Worth Magazine questioning the value of diversifying your investments.

Did You Beat the Market?
01/01/2000: Money Magazine, Vol. 29 No. 1 Special Forecast Issue 2000
Most investors who say they do are just kidding themselves.

Tying yourself to the mast
12/14/1999: money.com
As the market gets more and more volatile, Jason gives practical tips on how to avoid the often-irresistible call of panic buying and selling.

Why buy bonds?
12/03/1999: money.com
These days, everybody seems to be filling their portfolio with nothing but stocks. Jason explains why this can be a risky strategy.

All dressed up and no place to invest
10/07/1999: money.com
Jason advises a reader who's managed to save a lot of money, but doesn't know where to invest it.

Selling into Y2K
09/29/1999: money.com
Should you sell your stocks to sidestep a possible Y2K computer meltdown? Some advice for the panic-stricken.

“Expert Q&A”
08/01/1999: morningstar.com
In this online chat, Jason fields questions from Morningstar users about everything from stock-picking “systems” to index funds, how and why to use a broker, investing in corporate bankruptcies, saving for college, the fine points of bond funds, and the ethics of financial journalism. [Conversation 676: in the “Jump to #” box, enter 676]

Don\'t Sell Value Short
06/01/1999: Money Magazine, Vol. 28 No. 6 Special Issue The MONEY 100
How would you like to be a highly intelligent, experienced, skilled professional--and come in to work every day and have somebody tell you that you\'re a moron?

Public Radio's "Marketplace"
02/01/1998: “Marketplace”
An interview with David Brancaccio of Public Radio’s “Marketplace” on stock-market volatility and the importance of patience.

Staying the course through a crash
10/01/1997: Public Radio’s “Marketplace”
On a day when the Dow Jones Industrial Average falls more than 554 points, Jason discusses how investors can stay focused on their goals. The transcript of this interview with Eric Roy of Public Radio’s “Marketplace” is available here (go to 1997 and click on October 27 – but note: this page loads very sloooooooooooooooooowly):

The crash of 1987: a decade later
10/01/1997: Public Radio’s “Marketplace”
On the tenth anniversary of the Crash of 1987, Jason talks with David Brancaccio of Public Radio’s “Marketplace” about investing for the long term in nervous markets. Transcript available here:

Who's recommending your stock?
01/10/2001: money.com
New research dishes dirt on Wall Street analysts. Plus: Tips for daytraders (if you must play that game).

The neuroscience of investing
01/01/2003: CNN "Moneyline" with Lou Dobbs
An overview of the neural pathways your brain uses to make decisions about money.

The trouble with timing
12/01/2003: Money Magazine
We\'re always told to buy low and sell high. Sounds simple and it makes sense. So why is such an easy rule so hard to follow? (Note: Full online access to this article is available only to MONEY Magazine subscribers.)

The Soul of an Investor
02/25/2005: Money Magazine
Jack Hurst is not famous, and he does not run a billion-dollar fund. But he may be the most amazing money manager I\'ve ever met.

The Oracle Speaks
05/01/2005: cnn.com
Warren Buffett speaks to the faithful at Berkshire Hathaway\'s annual meeting.

Meet America`s Most Reliable Fund Manager
12/01/1995: Money Magazine
A profile of Shelby Davis that highlights the difference between short-term flash and long-term success.

A Fund Fee Shareholders Should Be Glad to See
04/01/1996: Money Magazine
Why redemption fees are a good idea for long-term investors.

A Middle-of-the-Road Fund Will Make It Possible for You to Coast Past Bulls and Bears
09/01/1996: Money Magazine
Why an apparently mediocre mutual fund can end up making you more money than a seeming superstar.

When the Stock Market Plunges...Will You Be Brave, or Will You Cave?
01/01/1997: Money Magazine
An exploration of the psychology of investment risk.

Funds that Really Make Money for Their Investors
04/01/1997: Money Magazine
An exploration of one of the most puzzling gaps in the investing world: why mutual fund investors make less money than the mutual funds they own.

Five Investing Lessons from America\'s Top Pension Fund
01/01/1998: Money Magazine
How TIAA-CREF manages $210 billion for millions of teachers.

Why Your Fund Manager May Work Better in the Dark
03/01/1998: Money Magazine
A column arguing that more frequent disclosure of what a fund owns may not be a good thing.

Proof that Chasing Hot Funds Will Make You Dizzy, Not Rich
05/01/1998: Money Magazine
New research shows that the more fund investors move their money around, the less of it they have in the end.

How to Use the News and Tune Out the Noise
07/01/1998: Money Magazine
Evidence that investors who pay more attention to the latest news do not earn higher returns. In fact, they earn lower returns.

No Dumping
01/01/1999: Money Magazine
Is your underperforming mutual fund manager the problem? Or are you? A look at why most people sell at the wrong time.

How Losing Less Can Cost You More
06/01/2005: Money Magazine
Why stop-loss orders are often better for brokers than for investors

How Women Can Out-Invest Men
06/01/2000: Money Magazine, special summer issue
Many men -- and even some women -- think men are better at investing than women. However, they are probably wrong.

The Higher Wisdom of Warren
07/01/2004: Money Magazine
Buffett has a lot more to teach than merely how to beat the market.

Stupid Number Tricks
10/01/2005: Money Magazine
What the science of risk perception has to teach investors.

A 117% Gain in a Year?
04/01/2006: Money Magazine
The champion of a stock-picking contest shows how to game the system -- and why you can never trust short-term returns

The Thrill Is Wrong
02/01/2006: Money Magazine
A survey of the new field of neuroeconomics, showing how expecting to make money is more intense than experiencing it.

Just Do It
01/01/2006: Money Magazine
Believe it or not, there is a science of procrastination and a lot you can learn about not putting things off. Read this today, not tomorrow.

We Talked to Chuck
01/01/2007: Money Magazine
Charles Schwab shares his thoughts on what makes investors succeed and what makes entrepreneurs tick.

Still Scolding After All These Years
04/01/2007: Money Magazine
Vanguard founder Jack Bogle talks about what he has learned about investing and about getting a new lease on life with a heart transplant.

You Can Handle a Crash Better than You Think
05/01/2007: Money Magazine
Why the fear of losing money usually feels worse than actually losing it.

Buy. Hold. Profit. Give Back.
07/01/2007: Money Magazine
Ariel Capital`s John Rogers built an outstanding record investing in a few `great ideas` for the long run. Then he had his own idea: to launch a school to teach inner-city kids about money.

What`s Luck Got to Do with It?
08/01/2007: Money Magazine
An interview with fund manager Bill Miller of Legg Mason Value Trust.

Master of the Imperfect Mind
09/01/2007: Money Magazine
An interview on behavioral finance with the Nobel Prize-winning psychologist Daniel Kahneman.

Your Money and Your Brain
09/01/2007: Money Magazine
An excerpt on the neuroeconomics of greed and fear from Jason Zweig`s new book.

Are You a Better Investor?
10/01/2007: Money Magazine
Over the past 35 years, investing has become simple, cheap and convenient. Now it`s a snap to build your wealth -- or destroy it.

How to Lose $9 Trillion in a Bull Market
12/01/2007: Money Magazine
That`s what bad timing cost investors over the past 25 years. But you can learn to avoid a similar fate.

Why Is It So Hard to Save?
03/01/2008: Money Magazine
New research in neuroeconomics explores how the investing brain sizes up the long-term future.

Stop Worrying, and Learn to Love the Bear
07/12/2008: The Wall Street Journal
The upside of down markets

How to Control Your Fears in a Fearsome Market
07/19/2008: The Wall Street Journal
Discoveries in neuroscience that can help investors think more clearly

Psyching Yourself up to Let Losers Go
08/23/2008: The Wall Street Journal
When you buy and hold, you don`t have to use a death grip

Should You Fear the Ostrich Effect?
09/13/2008: The Wall Street Journal
Bulls and bears aren`t alone in the menagerie; we`re all ostriches now.

Why the Obvious Isn’t Inevitable (How to Handle a Market Gone Mad)
09/16/2008: The Wall Street Journal
The future is often least knowable when it seems most certain.

The Depression of 2008? Don’t Count on It
09/30/2008: The Wall Street Journal
Will this recession get as bad as the Great Depression? That would be very bad.

Summon Your Courage and Buy Stocks
10/04/2008: The Wall Street Journal
Investors should remember that when current prices go down, future returns go up.

For Investors, Dealing with a Loss of Control
10/07/2008: The Wall Street Journal
How uncertainty and panic mess with your investing mind.

Take a Deep Breath, Turn off the TV, Calm Yourself
10/18/2008: The Wall Street Journal
Advice and techniques for controlling fear in a fearsome time.

Capitulation: When the Market Throws in the Towel
10/25/2008: The Wall Street Journal
What is market ``capitulation``? Does it make sense? Does it even exist?

Getting a Frazzled Mr. Market to Settle Down
11/08/2008: The Wall Street Journal
A proposal on how companies could moderate the volatility in their share prices.

Joe Investor, the Markets Are All Yours Now
11/15/2008: The Wall Street Journal
The `smart money` has turned tail and run away, creating value for anyone with cash and courage.

1931 and 2008: Will Market History Repeat Itself?
11/22/2008: The Wall Street Journal
Where is the bottom? Should you bail out before it is too late?

Stocks Are Less of Your Net Worth Than You Think
11/29/2008: The Wall Street Journal
Thoughts on tallying up the toll that the market decline has taken on your net worth.

Investing Experts Urge ‘Do as I Say, Not as I Do’
01/03/2009: The Wall Street Journal
Even the best investing minds find taking even the best advice easier said than done.

After the Crash, Stocks May Face Long Road Back
02/26/2009: The Wall Street Journal
The markets will recover, but that recovery will probably take longer than many investors imagine.

Tempest-Tossed? Take Some Control
03/04/2009: The Wall Street Journal
Instead of plunging in and out with both feet, take some baby steps.

‘Rebalancing’ Your Portfolio Can Be a Tough Ride
03/07/2009: The Wall Street Journal
Selling some of whatever`s gone up and buying some of whatever`s gone down is a good idea. But it can`t work miracles.

Is Your Investing Personality in Your DNA?
04/04/2009: The Wall Street Journal
What the emerging science of genoeconomics can tell us about investing.

For Mother’s Day, Give Her Reins to the Portfolio
05/09/2009: The Wall Street Journal
What men could learn about investing from women.

Using the Lottery Effect to Make People Save
07/18/2009: The Wall Street Journal
How a combination of a lotto ticket and a CD has helped raise savings among the working poor.

Why Investors Need to See the Light and Slow Down
08/29/2009: The Wall Street Journal
After one of the biggest market rallies in history, now is no time to get more aggressive.

Why Do Investors Sit Tight in 401(k)?
09/05/2009: The Wall Street Journal
A look at sitting bulls: the 401(k) investors who buy stocks and then never sell.

Can the Dow Go Lower? I Hope So
11/20/2008: The Wall Street Journal Online
A blog post on why investors should welcome, rather than fear, a further market decline.

Has the Pessimism Gone Too Far?
11/26/2008: The Wall Street Journal Online
A blog post that looks at the bear market in historical perspective.

Buy-and-Hold Is Dead. Long Live Buy-and-Hold
09/11/2009: The Wall Street Journal Online
If buy-and-hold is dead, then what is alive?

Teach Yourself to Be a Better Investor
10/15/2009: Morningstar
An interview with Morningstar’s Christine Benz

Is Buy and Hold Dead?
10/22/2009: Morningstar
An interview with Morningstar`s Christine Benz.

Staying Calm in a World of Dark Pools and Dark Doings
10/24/2009: The Wall Street Journal
What should investors make of insider trading, `flash` orders and `dark pools`?

How to Ignore the Yes-Man in Your Head
11/14/2009: The Wall Street Journal
Why confirmation bias is such a problem for investors, and what to do about it.

The Financial Year in Review
12/25/2009: Public Radio
A roundtable discussion with Tess Vigeland of Public Radio`s Marketplace.

Why Many Investors Keep Fooling Themselves
01/16/2010: The Wall Street Journal
How come even “experts” have foolishly high expectations for stock returns?

Will We Ever Again Trust Wall Street?
02/06/2010: The Wall Street Journal
What would it take for burned investors to return to the markets?

High Trading Is Bad News for Investors
02/13/2010: The Wall Street Journal
Why investors, including big institutions, keep acting like traders.

A Star Trader Who Rarely Ever Traded
03/06/2010: The Wall Street Journal
What investors can learn from Jack Laporte of T. Rowe Price.

What Makes a Good Investor?
03/31/2010: Blue Marble Research
An audio interview with Vinny Catalano of Blue Marble Research.

Consuelo Mack WealthTrack
04/02/2010: Consuelo Mack WealthTrack
A joint interview on public television, with Charles D. Ellis, on the lessons of the crash.
http://wealthtrack-appletv.blip.tv/file/3435887/ ;

Time to Take Stock of the Recent Market Rallies
04/03/2010: The Wall Street Journal
When stocks go up, your enthusiasm needs to go down.

Volatility Is Your Friend
05/15/2010: The Wall Street Journal
Strategies that can turn market crashes into opportunities. (A news story with Kelly Greene, Laura Saunders, Anne Tergesen and Jane Kim.)

When ‘Stop-Loss’ Trades Backfire on Investors
05/15/2010: The Wall Street Journal
A technique intended to keep you safe can put you in danger when you least expect it. A news story with Mary Pilon and Karen Blumenthal.

Back to the Future: Lessons from the Flash Crash of 1962
05/29/2010: The Wall Street Journal
May 6, 2010 was not the first time the stock market had a mysterious meltdown.

So That`s Why Investors Can`t Think for Themselves
06/19/2010: The Wall Street Journal
New research in neuroeconomics shows that going along with the crowd is intrinsically rewarding...even if it`s wrong.

Get Ready for a Cataclysmic Market Crash! (Or Maybe Not)
07/10/2010: The Wall Street Journal
Some forecasters are calling for the Dow to drop all the way to 1000. What would it take for them to be right?

Ticker Shock: When a Catchy Stock Symbol Lures Investors
08/14/2010: The Wall Street Journal
You would never buy a stock just because you liked its ticker symbol. Or would you?

Inflation? Deflation? It`s All About `Meflation`
09/11/2010: The Wall Street Journal
Wall Street`s pundits and salepeople all want you to make a bet on either inflation or deflation. That forecasting game takes your eye off what really matters.

Will Small Investors Ever Warm Up to Stocks Again?
01/22/2011: The Wall Street Journal
A look at what it might take to get individual investors back into the stock market.

Once Bitten, Twice Bold: Look Who`s Buying Stocks Now
02/26/2011: The Wall Street Journal
Meet the sheepish bulls: people who got out of the stock market when it crashed and who are tiptoeing back in after it has risen.

Meet `Future You.` Like What You See?
03/26/2011: The Wall Street Journal
New `virtual reality` techniques could help solve the age-old problem of saving for retirement.

Buffett Looking Out of Step
05/07/2011: The Wall Street Journal
In a market addicted to the Fed\'s free money, would you rather own Berkshire Hathaway or Cannabis Science, Inc.?

Stocks Are Cheaper, But They Aren`t Cheap
08/06/2011: The Wall Street Journal
Fear is the best fertilizer for future bull markets.

Too Flustered to Trade: A Portrait of the Angry Investor
08/20/2011: The Wall Street Journal
Years of lousy returns have turned investors into horrified bystanders.

Why a Legendary Market Skeptic Is Upbeat About Stocks
09/10/2011: The Wall Street Journal
An interview with Vanguard founder John C. Bogle.

Why Buying on the Dips Isn`t All It`s Cracked Up to Be
09/24/2011: The Wall Street Journal
How easy is it to come out ahead by buying stocks whenever the market drops?

If It Looks Like a Bear...
10/08/2011: The Wall Street Journal
Who says a 20% market decline is the definition of a bear market?

Why We Can`t Let Go of Our Losers
10/15/2011: The Wall Street Journal
The neuroeconomics of trying to dump an investment you`ve lost money on.

The Rise and Fall of Bill Miller
11/18/2011: The Wall Street Journal
What lessons can investors learn from the spectacular record and sudden decline of Legg Mason`s Bill Miller?

This Is Your Brain on a Hot Streak
02/11/2012: The Wall Street Journal
What leads investors to fixate on the market\'s short-term return as if it were predictive of the long-term future?

Dow 1,339,410: The Latest Milestone
03/03/2012: The Wall Street Journal
As the Dow Jones Industrial Average passes 13000, a closer look at what the levels of stock indexes mean.

Rough Sledding: Clinging to Stocks
03/10/2012: The Wall Street Journal
Lessons on buy-and-hold investing from Daniel Dent, fund manager and Iditarod competitor.

Keynes -- Stock-Picker Extraordinaire
03/31/2012: The Wall Street Journal
The economist John Maynard Keynes, new research shows, was one of the most remarkable investors of the 20th Century.

Why We`re Driven to Trade
07/21/2012: The Wall Street Journal
What makes thinking about the longer-term future so hard?

Profits Came in Lower Than Expected? Hip, Hip, Hooray!
09/01/2012: The Wall Street Journal
In the latest twist, Wall Street greets bad earnings news and good news for stocks.

Is the Market Half-Empty or Half-Full?
07/09/2011: The Wall Street Journal
Market pundits still insist on quoting the returns of the stock market without dividends.

Investor, Take This Test
10/18/2011: WSJ Online: Total Return blog
An alternative to the dopey `risk-tolerance` questionnaires that financial advisers foist on their clients.

Can Birds Plan for Retirement?
11/22/2011: WSJ Online: Total Return blog
New experiments in animal behavior show that Eurasian jays (Garrulus glandarius) can defer gratification for days on end.

There Is No `New Normal` Economy
12/05/2011: WSJ Online: Total Return blog
A detailed look at history shows all the hype about the `new normal` is nonsense.

Can You Sum Up Your Investing Philosophy in 10 Words?
01/27/2012: WSJ Online: Total Return blog
Famous investors -- and regular readers -- boil their beliefs down to 10 words or less.

The Financial Crisis Will Be Over When...
02/13/2012: WSJ Online: Total Return blog
...Americans finally re-embrace one of the virtues that made the country great: thrift.

When Your DNA Dings Your ROI
02/22/2012: WSJ Online: Total Return blog
New research in genoeconomics finds that variations in DNA explain much of the likelihood of making common investing mistakes.

Just 1% Away From the S&P`s All-Time High
03/19/2012: WSJ Online: Total Return blog
As the stock market nudges toward its record levels of five years earlier, no one is celebrating.

Keys to Thinking About Keynes
04/03/2012: WSJ Online: Total Return blog
Why do people judge Keynes the investor based on their views about Keynes the economist?

Howard Schow, R.I.P.
04/10/2012: WSJ Online: Total Return blog
What made the founder of PRIMECAP such a successful investor?

Searching for the First `Bubble`
04/19/2012: WSJ Online: Total Return blog
The history and derivation of the word `bubble,` and what investors can learn from it.

Are Individual Investors Fleeing Stocks? Nope
06/27/2012: WSJ Online: Total Return blog
A look beneath the headlines about small investors getting out of the stock market.

Stupid Investing Tricks
07/24/2012: WSJ Online: Total Return blog
Why people investing on 30-year horizons move their money around based on the latest one-day fluctuations.

The Flash Glitch and the Long-Term Investor
08/02/2012: WSJ Online: Total Return blog
How much does -- and should -- the latest disturbance from high-frequency trading bother investors?

When Will the Retail Investor Call It Quits? (Again)
08/23/2012: WSJ Online: Total Return blog
How much do short-term trading difficulties matter to long-term investors?

Are Retail Investors `Fleeing` Stocks?
08/27/2012: WSJ Online: Total Return blog
Not exactly.

Putting the Bear Market into Perspective
03/06/2009: WSJ Online: The Wallet
How bad is this decline in stock prices? Very bad. But that doesn\'t mean you shouldn`t buy.

Friday the 13th Phobia? For Investors, It`s Usually a Good Day
02/13/2009: WSJ Online: The Wallet
Superstitions aside, what do the data show?

Jeremy Grantham Speaks: Must-See TV for Investors
11/24/2008: WSJ Online: The Wallet
A rare interview with a wise investor.

Journey to the Center of Warren Buffett`s Mind
11/14/2008: WSJ Online: The Wallet
A review of Alice Schroeder`s book `The Snowball.`

Why Buy and Hold Feels Dead
11/07/2012: WSJ Online: Total Return blog
Why, when a patient approach to diversification has worked well, do so many people think it has failed?

Why Buy and Hold Is Still Gold
11/06/2012: WSJ Online: Total Return blog
A look at the leaky logic that underlies some of the beliefs about `tactical` allocation.

How Practical Is `Tactical`?
11/03/2012: The Wall Street Journal
`Tactical Asset Allocation` funds are being promoted as the cure for market crashes. Look before you leap.

Buffett Is Out Of Step
05/07/2012: The Wall Street Journal
What does the underperformance of Berkshire Hathaway say about the financial markets?

Winning It by Trimming It
11/10/2012: The Wall Street Journal
With the stock market up so sharply, it pays to rebalance systematically.

The 107-Year-Old Stock Picker
12/22/2012: The Wall Street Journal
A profile of Irving Kahn, the oldest surviving student of Benjamin Graham.

How Huge Returns Mess With Your Mind
01/05/2013: The Wall Street Journal
What makes compound returns so hard for many people to understand, and what to do about that.

Value Stocks Are Hot -- But Most Investors Will Burn Out
02/16/2013: The Wall Street Journal
The great value investor Jean-Marie Eveillard explains what makes value investing so hard: pain.

Those Losses of 2008 and 2009? Forget About Them!
02/23/2013: The Wall Street Journal
How the investing mind erases bad memories, and what you can do about it.

Norway: The New Yale?
03/07/2013: WSJ.Money
Comparing two successful investing giants: the Norwegian government pension fund and the Yale University endowment. For The Wall Street Journal`s WSJ.Money magazine.

Here Comes the Slow-Stock Movement
03/23/2013: The Wall Street Journal
Should investors earn rewards for being loyal, long-term shareholders?

Fund Firm at Center of Big Game Hunt
03/26/2013: The Wall Street Journal
How Southeastern Asset Management, the money manager trying to break up the deal to take Dell Inc. private, operates.

Risky Business: The Quiz That Could Steer You Wrong
05/04/2013: The Wall Street Journal
The typical `risk-tolerance quiz` is garbage. Here`s why -- and what to do about it.

Lesson From Buffett: Doubt Yourself
05/06/2013: The Wall Street Journal
Why would Warren Buffett want to take questions from someone betting against his stock?

Are You an Investor or a Speculator? (Part 1)
02/28/2013: WSJ Total Return Blog
Why is it so hard to live up to -- and be precise about -- Benjamin Graham`s definition of an investor?

Are You an Investor or a Speculator? (Part 2)
02/28/2013: WSJ Total Return Blog
Why is it so hard to live up to -- and be precise about -- Benjamin Graham`s definition of an investor?

The Really Long View on the Stock Market
03/06/2013: WSJ Total Return Blog
As the Dow Jones Industrial Average finally hits a new high, an eminent financial historian looks back -- all the way to the 1790s.

Why the Markets` Latest Stumbles Are Good News for You
06/15/2013: The Wall Street Journal
As worries over monetary policy knock down the stock and bond markets, you should think about buying.

Saving Investors from Themselves
06/28/2013: WSJ Money Beat Blog
A personal essay on what investing journalism should be all about.

Goodbye, Booby Tuesday
06/04/2013: WSJ Total Return Blog
The stock market went up 19 Tuesdays in a row -- until today. Good riddance to this `predictable\' event.

Other Resources

Berkshire Hathaway shareholder letters

Link to Warren Buffett's annual letters to shareholders, 1977 to date. If you want to learn how to think logically and clearly about all the issues that confront investors -- from inflation to stock options to diversification to index funds to the true meaning of risk -- Buffett's brilliant letters are the first (and often the final) word. He will never steer you wrong, and the learning is free and without obligation.

Bogle Financial Markets Research Center

This site, featuring John C. Bogle's speeches and research papers, enables you to keep up with the latest thinking of the founder of the Vanguard Group. Jack Bogle is probably the best friend the individual investor has ever had, and the materials archived here are rich with insights into how the money management business really works and how you can take control of your own financial destiny.

Return to Your Questions by Topic

JasonZweig.com is my place to tell you what I think about a whole lot of investing stuff. I’m the only one responsible for my opinions, but I can’t guarantee they’ll always be right. If you don’t like what I say or it turns out to be wrong, I’m sorry; you can’t sue me. The material you find here is not meant as specific investing advice for you, and if you use it that way and something goes wrong, that’s your problem, not mine. To get individualized investing advice, you need to do your own homework or else hire a financial advisor, a tax professional, or a lawyer to do it for you (and even then, you’d better watch like a hawk!). If you think anything on this website is an invitation for you to buy or sell any investment, you need to get your head examined. What’s more, I’m not soliciting business of any kind, because I don’t have any business to solicit. (Believe it or not, I don’t want your money.) I’ll do my best to avoid any conflicts of interest in running this website, but I don’t have silvery wings and a halo, and somebody might manage to corrupt me. If that happens, it’s your job to notice and to be disgusted by it. In short, none of my best efforts to be honest, sensible, and trustworthy exempt you from your constant duties to treat what I say with the same skepticism you should treat anyone’s pontification about investing. I wish you good luck!

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