In my last post, I wrote about how as of this year, the US Social Security system is bleeding cash and policymakers will soon be forced to make tough decisions about the future of the program. The long-term financial woes of Social Security are of course well known, and last [...]
Earlier this month, the Social Security Administration released its annual Trustees Reports on the financial condition of the program. This year's report contained some hugely important news that came as a shock to absolutely nobody who pays any attention to this stuff: Social Security is running out of money. Specifically, [...]
People often ask me why the market, or some segment of it, has been acting the way it has been recently. My go-to response is usually something along the lines of "Well, the market is a chaotic system made up of the decisions of billions of people around the world, [...]
Investing is a numbers game. With a well diversified portfolio, you make a lot of little bets and on any given day some of them are winners and some of them are losers. In good times more of your bets are up than down, and in bad times at least [...]
Finance, especially investment management, has traditionally been a male-dominated industry, often noted for its swashbuckling machismo, aggressive competitiveness, and otherwise male-high-school-jock-stereotype nature as in popular movies like Wall Street and The Wolf of Wall Street. In Michael Lewis's debut book Liar's Poker, about the time he spent working at a major investment bank, the top [...]
