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Postmodern Finance

Postmodern Finance is the underlying thesis of our investment process and all topics that enhance our ability to invest. This is an evolution of modern portfolio theory and takes a new perspective on investment management.

1 05, 2019

Which is the Better Investment: Stocks or Real Estate?

By |2020-04-27T17:18:57+00:00May 1st, 2019|Investing, Postmodern Finance, Real Estate Investing, Tax Management|Comments Off on Which is the Better Investment: Stocks or Real Estate?

When we as financial advisors talk with investors about the virtues of diversification, asset allocation, and long-term investing, a question that often comes up is, “What about real estate? Should I buy an investment property?” In fact, the issue of real estate tends to divide investors into camps almost like [...]

6 06, 2018

Free Trade and the Golden Rule of Capitalism

By |2020-04-27T17:18:58+00:00June 6th, 2018|Economics, Postmodern Finance|Comments Off on Free Trade and the Golden Rule of Capitalism

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, [...]

19 02, 2018

Testosterone is not an Investment Performance Enhancer

By |2020-04-27T17:19:29+00:00February 19th, 2018|Investing, Postmodern Finance|Comments Off on Testosterone is not an Investment Performance Enhancer

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 [...]

25 07, 2017

Profiting from the Recklessness of Others

By |2020-04-27T17:19:30+00:00July 25th, 2017|Investing, Postmodern Finance|Comments Off on Profiting from the Recklessness of Others

A couple months ago, I wrote about the dangers of levered ETFs, showing how these products designed to juice investor's returns end up eroding capital due to the subtle mathematical logic of compounding. In my last post, I followed up on the topic by describing the Kelly Criterion, a mathematical [...]

20 06, 2017

The Line Between Aggressive and Crazy

By |2021-02-19T18:19:47+00:00June 20th, 2017|Investing, Postmodern Finance|Comments Off on The Line Between Aggressive and Crazy

Suppose I offer you a bet. Flip a coin, heads you lose your entire bet, tails you win it back plus one and a half times, so a ten dollar bet becomes $25. And furthermore I'll let you keep making this bet as many times as you like over the [...]

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