Search found 6446 matches

by Fallible
Fri Sep 07, 2018 6:13 pm
Forum: Investing - Theory, News & General
Topic: Lessons from the financial crisis (Pisani, CNBC)
Replies: 52
Views: 5112

Re: Lessons from the financial crisis (Pisani, CNBC)

When he says investors don't act rationally in a crisis, that can refer not just to panic selling, but to poor investing in the first place, i.e., investors taking on too much risk and failing to ask themselves how much they can afford to lose in a crash, especially if they lose jobs. And when he sa...
by Fallible
Thu Sep 06, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 131
Views: 7917

Re: Should I keep my financial advisor

As a financial advisor and a CPA.... I recommend that you find somebody who does both financial advising and tax prep. As I mentioned earlier, most "financial advisors" will offer "tax advice", but it is vastly inferior to the tax advice you will get from a person who actually prepares tax returns ...
by Fallible
Tue Sep 04, 2018 6:23 pm
Forum: Personal Consumer Issues
Topic: BH Musicians, your feedback for the violin noobie?
Replies: 9
Views: 647

Re: BH Musicians, your feedback for the violin noobie?

I should first say that I have never played the violin, although I have played other instruments enough to appreciate what you are accomplishing. I hear overall improvement in the areas nicely (and professionally) described by the poster jazztonight and especially intonation when you hit that sweet ...
by Fallible
Mon Sep 03, 2018 8:44 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to invest in individual stocks (like Kanye West) if you stick to what you know?
Replies: 110
Views: 5819

Re: Does it make sense to invest in individual stocks if you stick to what you know?

thanks for posting. I'm very surprised to see this kind of article at Humble Dollar, which is Jonathan Clement's website. Jonathan does not advocate owning individual stocks to my knowledge, so I'm very surprised this advice is on his website. Exactly, I was surprised too and that's why I thought i...
by Fallible
Mon Sep 03, 2018 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for an 87-year-old?
Replies: 36
Views: 2215

Re: Advice for an 87-year-old?

My father (87) has over $150K in a checking account right now, and I'd like to get him into something more appropriate. He's healthy right now, and can live off his other small but adequate retirement income, so he doesn't really need that money unless some emergency comes up. While he'd like to le...
by Fallible
Sun Sep 02, 2018 1:51 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3406
Views: 1014707

Re: What Book Are You Currently Reading? Part VI

Edit: to add that I thought the movie could've gone a bit more into Katharine's relationship with her father, in particular her educational choices and work on newspapers before she met Phil Graham. The movie is a narrative of a very specific event: the death of her husband etc. are referred to as ...
by Fallible
Sun Sep 02, 2018 12:17 pm
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 11644

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

Simplicity is misunderstood on this forum. For a group that espouses simplicity as a core principle, things get complicated around here in a hurry. Sure does. The problem is, simplicity seems boring, so people make things complicated. But what simple really is is hard, darn hard, given our human na...
by Fallible
Fri Aug 31, 2018 9:12 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3406
Views: 1014707

Re: What Book Are You Currently Reading? Part VI

Edit: to add that I thought the movie could've gone a bit more into Katharine's relationship with her father, in particular her educational choices and work on newspapers before she met Phil Graham. The movie is a narrative of a very specific event: the death of her husband etc. are referred to as ...
by Fallible
Thu Aug 30, 2018 10:34 am
Forum: Personal Consumer Issues
Topic: Body language coach?
Replies: 26
Views: 2943

Re: Body language coach?

I've found myself in a position at work that has more sales than I am comfortable with. I am generally an introverted quiet person and I do not have problems managing below me but am having trouble connecting with possible clients. I've taken sales classes before so once I connect I think I'm okay ...
by Fallible
Wed Aug 29, 2018 8:03 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3406
Views: 1014707

Re: What Book Are You Currently Reading? Part VI

After watching the excellent Steven Spielberg film, The Post , some months ago, I got curious about how close it played to the real events. So I re-read Katharine Graham's book, Personal History , and then the Pentagon Papers section in the book, Ben Bradlee: A Good Life , and thought it was close ...
by Fallible
Wed Aug 29, 2018 3:47 pm
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 11644

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

I think some misunderstandings result from making basically simple terms more complex than they really are (something we investors are known for). Some examples: -"Nobody knows nothing": I've always understood those simple words to be in the context of market forecasting. Take it out of that context...
by Fallible
Tue Aug 28, 2018 8:56 pm
Forum: Personal Consumer Issues
Topic: National Bowtie Day
Replies: 9
Views: 750

Re: National Bowtie Day

Bowties are cute and should have their day, but to get this on some financial footing... WSJ columnist Jason Zweig once wrote a column on Financial LIteracy Month that began: Now that April has ended, let’s all pause for a moment and remember that it was Financial Literacy Month. Of course, April wa...
by Fallible
Tue Aug 28, 2018 6:12 pm
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 11644

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

Two often seen on the forum even though they are written up nicely in the wiki, BH books, and blogs:

-Market timing: the predictive component is sometimes misunderstood.

-Rebalancing: the purpose, which is to maintain a preset allocation, is sometimes misunderstood.
by Fallible
Mon Aug 27, 2018 10:58 am
Forum: Personal Consumer Issues
Topic: Your Best Mood Boosting Books (not self-help)
Replies: 29
Views: 2447

Re: Your Best Mood Boosting Books (not self-help)

I’m looking for recommendations for mood-boosting books. They can be fiction, poetry or non-fiction. ... What are some of the best books you’ve read that you found to be uplifting and why? ... Anything that brings perspective and insight, especially with good humor. That would include works of Shak...
by Fallible
Sun Aug 26, 2018 7:49 pm
Forum: Investing - Theory, News & General
Topic: NYT - Caring for Aging Parents, With an Eye on the Broker Handling Their Savings
Replies: 26
Views: 2542

Re: NYT - Caring for Aging Parents, With an Eye on the Broker Handling Their Savings

It’s all so sadly familiar and there are so many, many more cases like this out there that will never surface. Even more distressing, look what it took for this broker to get caught: an almost chance discovery by the client's daughter of “unusual” account activity and a comparison to her own account...
by Fallible
Thu Aug 23, 2018 2:50 pm
Forum: Forum Issues and Administration
Topic: Rating system for posts/posters ?
Replies: 60
Views: 2750

Re: Rating system for posts/posters ?

+1000000000 Brilliant suggestion. I completely agree. I second this. Admin what would it take to make this happen ? What I think will be useful for this forum is having to ability to rate answers and highest rated answer will move to the top of the page. This way if you find old question that is ap...
by Fallible
Thu Aug 23, 2018 2:26 pm
Forum: Forum Issues and Administration
Topic: Rating system for posts/posters ?
Replies: 60
Views: 2750

Re: Rating system for posts/posters ?

+1000000000 Brilliant suggestion. I completely agree. I second this. Admin what would it take to make this happen ? What I think will be useful for this forum is having to ability to rate answers and highest rated answer will move to the top of the page. This way if you find old question that is ap...
by Fallible
Thu Aug 23, 2018 11:34 am
Forum: Forum Issues and Administration
Topic: Rating system for posts/posters ?
Replies: 60
Views: 2750

Re: Rating system for posts/posters ?

davidsorensen32 wrote:
Wed Aug 22, 2018 11:49 pm
Hello Admins, just thinking aloud - how do you feel about incorporating some sort of rating system for posts (or posters) ? ...
And who rates the raters?
by Fallible
Wed Aug 22, 2018 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for help building a portfolio that can weather a bear market but can also get us to our goals.
Replies: 20
Views: 1745

Re: Looking for help building a portfolio that can weather a bear market but can also get us to our goals.

Welcome to the forum! You're asking the right questions and here is basic information to know. To "weather" a bear market, i.e., to stay the course versus losing sleep and/or bailing out in a panic in the next downturn/crash, you'll want to invest according to your need, ability, and willingness (to...
by Fallible
Sun Aug 19, 2018 5:46 pm
Forum: Investing - Theory, News & General
Topic: "Cognitive Biases Tricking Your Brain" (The Atlantic, Sept 2018)
Replies: 4
Views: 1034

Re: "Cognitive Biases Tricking Your Brain" (The Atlantic, Sept 2018)

Thanks for an interesting article on a fascinating topic. Daniel Kahneman and others have said that awareness of our biases is a first and key step in dealing with them. This article shows some of those possible steps and the author seems to feel that after "immersing" himself in the field he has "n...
by Fallible
Sun Aug 19, 2018 11:05 am
Forum: Investing - Theory, News & General
Topic: How to Underperform the Market
Replies: 48
Views: 5034

Re: How to Underperform the Market

Kahneman has written about “expert intuition” that can require much experience, often many years in one field, to make extremely fast, but correct decisions. So the intuition of System 1 does not always lead to poor decisions. This is true, but I don't think investing is a domain where expert intui...
by Fallible
Sat Aug 18, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: How to Underperform the Market
Replies: 48
Views: 5034

Re: How to Underperform the Market

... I think cognitive biases are not the same as falling prey to your emotions. Emotions can lead to faulty thinking, but sometimes your thinking is contaminated by its own faulty logic and emotion has nothing to do with it. ... What are examples of where cognitive (faulty thinking) is not affected...
by Fallible
Fri Aug 17, 2018 9:39 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 25994

Re: Invest in Tesla?

... The best case scenario is a new CEO coming on board soon (Sheryl Sandburg or the like), settling the SEC crap fast, doing a capital raise, and going from there. ... But will Musk allow it? Can he give up some control and work that closely with someone? Can he be forced to? Who will force it and...
by Fallible
Fri Aug 17, 2018 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Better Behavioural Finance Books?
Replies: 17
Views: 1374

Re: Better Behavioural Finance Books?

I specifically recommended Thaler's books earlier in this thread, because he is a "real economist" and his work has a greater emphasis on the behavioral finance. ... Victoria, that's a good point about Thaler being an economist, the link between the psychologists Kahneman and Tversky and the econom...
by Fallible
Fri Aug 17, 2018 7:55 pm
Forum: Investing - Theory, News & General
Topic: How to Underperform the Market
Replies: 48
Views: 5034

Re: How to Underperform the Market

... I think cognitive biases are not the same as falling prey to your emotions. Emotions can lead to faulty thinking, but sometimes your thinking is contaminated by its own faulty logic and emotion has nothing to do with it. ... What are examples of where cognitive (faulty thinking) is not affected...
by Fallible
Fri Aug 17, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: How to Underperform the Market
Replies: 48
Views: 5034

Re: How to Underperform the Market

... I think cognitive biases are not the same as falling prey to your emotions. Emotions can lead to faulty thinking, but sometimes your thinking is contaminated by its own faulty logic and emotion has nothing to do with it. ... What are examples of where cognitive (faulty thinking) is not affected...
by Fallible
Thu Aug 16, 2018 7:34 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 25994

Re: Invest in Tesla?

usk Perhaps it's time for Elon to step down as CEO and put someone in charge who knows how to properly run a public company. I get that he's a "big ideas" guy who wants to change the world. That's fine. As CTO, he can do that, setting the direction of what Tesla is going to do. He needs someone to g...
by Fallible
Thu Aug 16, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Better Behavioural Finance Books?
Replies: 17
Views: 1374

Re: Better Behavioural Finance Books?

The wiki lists some of the best in the "Behavioral finance" category:
https://www.bogleheads.org/wiki/Books:_ ... nd_reviews

Are you looking for anything in particular on this topic?
by Fallible
Thu Aug 16, 2018 5:50 pm
Forum: Investing - Theory, News & General
Topic: How to Underperform the Market
Replies: 48
Views: 5034

Re: How to Underperform the Market

The many, many reasons for underperformance are listed in the best investment books, including Winning the Loser's Game by Charles Ellis (pgs. 61-63), A Wealth of common Sense by Ben Carlson (pgs. 20-25), The Four Pillars of Investing by Bill Bernstein ("The Psychology of Investing" pillar), etc. Th...
by Fallible
Wed Aug 15, 2018 11:11 am
Forum: Personal Consumer Issues
Topic: Are merchants more (too) careless these days?
Replies: 24
Views: 2317

Re: Are merchants more (too) careless these days?

An interesting reply to my self is that companies are seeking to drive up productivity to reduce labour costs. Amazon is famous for this. That pushes workers to work harder, and they make more mistakes . The equivalent of speeding up a car production line, where quality control is not measured. Yes...
by Fallible
Tue Aug 14, 2018 7:28 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 105851

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

With a keen knowledge of the concept of "Stay the Course" and "Don't Buy High and Sell Low" and most importantly "Don't Try to Time the Market" I cannot simply put my head in the sand and pretend that the last ten years or more have been anything other then a disappointment for those of us with Int...
by Fallible
Tue Aug 14, 2018 6:45 pm
Forum: Personal Consumer Issues
Topic: Are merchants more (too) careless these days?
Replies: 24
Views: 2317

Re: Are merchants more (too) careless these days?

Too careless, but probably not more. Human error is nothing new, never will be, but can in some cases be minimized and in fewer cases eliminated, for a time. What makes the mistakes of others more acceptable for me is when I remember my own. :(
by Fallible
Mon Aug 13, 2018 7:59 pm
Forum: Personal Consumer Issues
Topic: What is the best way to determine if one should buy something or save their money?
Replies: 29
Views: 1998

Re: What is the best way to determine if one should buy something or save their money?

For example, let’s say someone is financially well off. They have no debt, plenty saved up, great income and continue to save every month. They then decide to buy a new computer, that costs around $2600, BUT they don’t really NEED the new computer. They just want it bc it has some nice features the...
by Fallible
Mon Aug 13, 2018 4:17 pm
Forum: Personal Consumer Issues
Topic: Should I Do This? [borrow from relative to pay off loan]
Replies: 55
Views: 3160

Re: Should I Do This? [borrow from relative to pay off loan]

Although it's tempting, I would advise you to not take the money from the relative since it's not an emergency at this time. Paying this debt off by yourself with no outside help will build character and teach an important life lesson for the future. Self-reliance is an important virtue; I would al...
by Fallible
Mon Aug 13, 2018 3:26 pm
Forum: Personal Consumer Issues
Topic: Should I Do This? [borrow from relative to pay off loan]
Replies: 55
Views: 3160

Re: Should I Do This? [borrow from relative to pay off loan]

I've only had line for a couple years, yes I've missed a couple payments. I've paid off a couple, dropped some too. I'm not going to sell my car, I need to follow through with it. I've made EVERY payment, I'm not struggling to pay it is what I'm saying here. He wants to loan me the money so I avoid...
by Fallible
Fri Aug 10, 2018 1:19 pm
Forum: Personal Consumer Issues
Topic: Buying used car - advice requested
Replies: 36
Views: 2627

Re: Buying used car - advice requested

... I would remove the 2012 Civic. 2012 was a lame duck year for the Civic. It was a brand new model in 2012 to replace the previous 6 year old model. However, it was widely panned by everyone so that Honda updated the vehicle in a single year. It is unheard of for an automobile company to change a...
by Fallible
Fri Aug 10, 2018 11:04 am
Forum: Personal Consumer Issues
Topic: Buying used car - advice requested
Replies: 36
Views: 2627

Re: Buying used car - advice requested

... - 2012 Civic LX with 60,000 miles for $13,000 ... All the prices are before fees and tax. I am looking for a simple reliable car that would last a while. ... I can comment only on the Civic. I bought a 2014 Civic LX last year, formerly a lease, apx. 24,000 mis. Asking price was around $13,000 a...
by Fallible
Fri Aug 10, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 8182

Re: Should I tell my family/friend that they are making a financial mistake?

Do you give your friends parenting advice if you think they are about to make a mistake with their children? Do you give your friends religious advice if you think they are about to make a mistake with their immortal soul? Do you give your friends political advice if you think they are about to vot...
by Fallible
Wed Aug 08, 2018 6:55 pm
Forum: Personal Consumer Issues
Topic: Learning to Draw-Online course?
Replies: 8
Views: 694

Re: Learning to Draw-Online course?

Use this book...."Drawing on the right side of the brain"...Betty Edwards It has been around for years and it works...if you apply yourself as Uncle scrooge suggests...helped me 35 years ago. The book is still excellent. Agree about this one. No matter how one starts out with basic drawing, one wil...
by Fallible
Wed Aug 08, 2018 6:18 pm
Forum: Personal Consumer Issues
Topic: When is leaving your job that pays well a good idea?
Replies: 74
Views: 7411

Re: When is leaving your job that pays well a good idea?

... 1) Sitting at a desk for 40 hours per week can often feel soul crushing. I’ve already done this for more than a decade and can’t imagine a lifetime spent for 40 working years plopped in front of computer monitors at a desk. ... My question to you older folks with more life experience: should I ...
by Fallible
Sun Aug 05, 2018 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Yogi said it. It must be true.
Replies: 21
Views: 2675

Re: Yogi said it. It must be true.

Thanks for posting. About time Yogi’s “wisdom” was applied to investing. But there’s at least one quote Vanguard uses that includes something he may not have said: “Don’t always follow the crowd, because nobody goes there anymore. It’s too crowded.” I didn’t remember the first part about follow the ...
by Fallible
Sun Aug 05, 2018 6:57 pm
Forum: Local Chapters and Bogleheads Community
Topic: How did you become a Boglehead?
Replies: 53
Views: 3915

Re: How did you become a Boglehead?

Recently I read Rick Ferri's quote: The Education of an Index Investor: flounders in darkness, finds enlightenment, overcomplicates strategy, embraces simplicity. ... Rick's quote nicely and neatly describes the index investor, although indexing, to me, is just part of what it means to be a Boglehe...
by Fallible
Sun Aug 05, 2018 6:00 pm
Forum: Investing - Theory, News & General
Topic: Behavioral Finance paper on assessing risk
Replies: 6
Views: 683

Re: Behavioral Finance paper on assessing risk

Thanks for posting and I can see why Sid's dad is very proud.

One question I have (probably because I missed something somewhere): did the two students create Riskstyle and are introducing it in this paper for the first time? Also, I tried to open Risktyle.com, but nothing came up.
by Fallible
Thu Jul 26, 2018 7:12 pm
Forum: Personal Consumer Issues
Topic: What non fiction book will you be reading in 2018?
Replies: 151
Views: 12579

Re: What non fiction book will you be reading in 2018?

Bad Blood by John Carreyrou. I loved it, hard to put down. Even if you followed the coverage of Theranos, the book is 80% of what happened before he started investigating them. I couldn't put it down, either, wondering how much longer the deception, lies, and bullying could continue before those po...
by Fallible
Mon Jul 23, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: Book recommendations on how to retire
Replies: 7
Views: 753

Re: Book recommendations on how to retire

There are excellent books on retirement listed under "Retirement" in the wiki's "Book: Recommendations and Reviews," some of them already mentioned here such as the Jane Bryant Quinn book, which has a good section on buckets: https://www.bogleheads.org/wiki/Books:_recommendations_and_reviews Many o...
by Fallible
Mon Jul 23, 2018 1:57 pm
Forum: Investing - Theory, News & General
Topic: Book recommendations on how to retire
Replies: 7
Views: 753

Re: Book recommendations on how to retire

Is there a good read out there that explains the ins and outs of how to retire? Specifically, how do you utilize your retirement buckets to reduce tax implications. Want info on best approaches for using multiple types of retirement accounts like 401k, tIRA, HSA, Roth IRA, taxable account, etc. to ...
by Fallible
Fri Jul 20, 2018 6:35 pm
Forum: Investing - Theory, News & General
Topic: Good Books on Investment?
Replies: 14
Views: 1133

Re: Good Books on Investment?

The Bogleheads reading list is a good source of book titles that you may wish to investigate whether you want to read them or not. I believe that this is the reading list that livesoft refers to: https://www.bogleheads.org/wiki/Category:Books_and_authors I also think that Taylor's investment "Gems"...
by Fallible
Tue Jul 17, 2018 9:49 pm
Forum: Personal Consumer Issues
Topic: What are you learning or studying?
Replies: 112
Views: 9313

Re: What are you learning or studying?

One of the more difficult things I've had to learn is how to draw. There are rules for the technical aspects of drawing, the true draftsmanship part of it, but the artistic side is pretty much up to the individual - and that's the fun part. I've spent years learning to draw and will always be learni...
by Fallible
Tue Jul 17, 2018 6:59 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Know Your Investor Personality
Replies: 26
Views: 2904

Re: Larry Swedroe: Know Your Investor Personality

Some people say psychology is useless. I don't think so. If you're referring to psychology as scientific study of the mind, it certainly can be quite useful. Good examples of it for investors are the books Thinking, Fast & Slow (as suggested here by Larry), Predictably Irrational by Dan Ariely, You...
by Fallible
Thu Jul 12, 2018 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 36333

Re: Got my Ruth's Chris seminar invitation, "Surviving Retirement"

... Anyway, I told my wife 'never argue with a man who is about to buy you a steak'! that's very funny. But remember, it's not really the salesperson buying you the steak. It's the other people around you listening to the presentation who sign up for the salesperson's annuity. They're the ones who ...