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Recent Articles & Reviews
- What Is the New Issue Puzzle?
The New Issue Puzzle illustrates how newly public companies often experience initial stock price surges followed by long-term underperformance, misleading investors about their true value. - What Is Modified Adjusted Gross Income (MAGI)?
Modified adjusted gross income (MAGI) impacts various financial decisions, including Roth IRA contributions and tax credits, making it essential for informed financial planning and savings. - Book Review: Misbehaving by Richard Thaler
Richard Thaler’s Misbehaving explores how behavioral economics reveals our irrational financial decisions, emphasizing understanding psychological biases to improve personal finance and decision-making. - What Is the Efficient Market Hypothesis (EMH)?The efficient market hypothesis suggests that stock prices reflect all available information, making consistent market-beating performance unlikely. It advocates for low-cost index fund investing as a reliable strategy.
- Who Is Author Adam Fergusson?Adam Fergusson’s “When Money Dies” explores the impact of hyperinflation in Weimar Germany, emphasizing historical lessons on currency trust and personal finance strategies.
- What is the Sunk Cost Fallacy?The sunk cost fallacy leads individuals to persist in poor financial decisions due to prior investments, often resulting in greater losses and missed opportunities for better returns.
- Book Review: When Money Dies by Adam Fergusson
“When Money Dies” explores Germany’s hyperinflation in the 1920s, illustrating the profound effects of currency collapse, emphasizing financial literacy, asset value, and historical lessons on economic stability. - Book Review: How to Decide by Annie Duke
Annie Duke’s How to Decide teaches decision-making as a skill, emphasizing probabilistic thinking, recognizing biases, and improving decision processes to enhance financial outcomes. - Book Review: Quit by Annie Duke
Annie Duke’s “Quit” emphasizes the importance of knowing when to walk away, arguing that strategic quitting can lead to better financial and personal outcomes, challenging traditional beliefs. - What is the State and Local Tax (SALT) Deduction?
The SALT deduction allows taxpayers to reduce taxable income by deducting state and local taxes, recently changing from a $10,000 to a $40,000 cap in 2025. - What is the Effective Altruism Movement?Effective altruism advocates maximizing positive impact through data-driven charitable giving, addressing global challenges while evaluating cause effectiveness. Criticism arises over its quantitative focus and ethical implications.
- Who Is Annie Duke?Annie Duke, a decision science expert and former professional poker player, explores decision-making in her books, emphasizing cognitive psychology’s role in improving financial choices and personal awareness.
- Who Is Carol S. Dweck?Carol S. Dweck’s research on mindsets explores how beliefs about abilities impact financial behavior, emphasizing the importance of a growth mindset for improving financial literacy and success.
- Who Is Arthur C. Brooks?Arthur C. Brooks is a Harvard professor and bestselling author focused on happiness, blending social science with personal development, and emphasizing the link between financial success and wellbeing.
- Book Review: The Elements of Investing by Burton Malkiel and Charles Ellis
The Elements of Investing by Malkiel and Ellis offers concise investing principles, emphasizing low-cost index funds, automated saving, and behavioral discipline for better long-term financial outcomes. - Who Is Burton Malkiel?Burton Malkiel, an influential economist, advocated for low-cost index funds over stock picking through his book, A Random Walk Down Wall Street, impacting millions of investors.
- Who Is James Montier?James Montier, a behavioral finance expert, critiques common investor beliefs, blending psychology and investment management insights to help professionals improve decision-making and avoid biases.
- Book Review: Your Money and Your Brain by Jason Zweig
Your Money and Your Brain explores the psychological and neurological factors that drive poor investment decisions, emphasizing the importance of systematic, emotion-free strategies for better financial outcomes. - Book Review: Stay the Course by John C. Bogle
John C. Bogle revolutionized investing with Vanguard and the index fund, advocating low-cost, diversified investments as the best strategy for ordinary investors throughout his career. - Book Review: The Index Card by Helaine Olen and Harold Pollack
The Index Card distills personal finance into essential rules, challenging industry complexity while emphasizing practical advice on investing, budgeting, and financial security for everyday individuals. - Book Review: The Little Book of Behavioral Investing by James Montier
James Montier’s The Little Book of Behavioral Investing explores psychological biases that hinder investment success, emphasizing the importance of understanding and managing one’s own behaviors to improve outcomes. - Book Review: The Happiness Files by Arthur C. Brooks
Arthur C. Brooks’s The Happiness Files explores why people struggle to pursue happiness, presenting research on well-being while engaging readers with practical insights on relationships, work, and money. - Book Review: A Random Walk Down Wall Street by Burton Malkiel
Burton Malkiel’s “A Random Walk Down Wall Street” advocates for low-cost index investing, emphasizing market efficiency and the pitfalls of active management over decades of market history. - Book Review: Build the Life You Want by Arthur C. Brooks and Oprah Winfrey
“Build the Life You Want” by Arthur C. Brooks and Oprah Winfrey explores happiness through four pillars: family, friendship, work, and faith, emphasizing actionable practices for lasting wellbeing. - Book Review: From Strength to Strength by Arthur C. Brooks
From Strength to Strength by Arthur C. Brooks explores how high achievers can navigate the decline of fluid intelligence and find deeper meaning in life by valuing relationships and mentorship. - Book Review: The Law of Success by Napoleon Hill
Napoleon Hill’s The Law of Success outlines fifteen principles for achievement, emphasizing clear goals, disciplined habits, and resilience, while also facing criticism for unverifiable claims and outdated views. - Book Review: Mindset: The New Psychology of Success by Carol S. Dweck
Carol Dweck’s “Mindset” presents the concepts of fixed and growth mindsets, influencing personal development, education, and finance, while advocating that mindsets can change over time. - Book Review: The Mask of Masculinity by Lewis Howes
The Mask of Masculinity examines how emotional suppression in men influences financial behaviors and decisions, emphasizing the need for vulnerability and authentic connections for healthier financial attitudes. - Book Review: Moral Ambition by Rutger Bregman
Moral Ambition challenges high-achieving individuals to redirect their talents toward meaningful work, emphasizing the importance of maximizing positive impact rather than pursuing traditional success. - Book Review: Thinking in Bets by Annie Duke
Annie Duke’s “Thinking in Bets” emphasizes separating decision quality from outcomes, offering valuable insights for better decision-making under uncertainty in investing and life. - Book Review: Humankind: A Hopeful History by Rutger Bregman
Rutger Bregman’s “Humankind” challenges the pessimistic view of human nature, arguing for a more optimistic understanding that promotes better institutions, cooperation, and financial behavior. - Book Review: The Greatness Mindset by Lewis Howes
The Greatness Mindset by Lewis Howes addresses personal growth, emphasizing overcoming limiting beliefs and finding purpose, although it lacks originality and rigorous evidence compared to earlier works. - Book Review: The Only Living Trusts Book You’ll Ever Need by Garrett Monroe
The book simplifies estate planning, focusing on revocable living trusts, helping readers understand their importance, the probate process, and avoiding common pitfalls associated with estate management. - Book Review: Utopia for Realists by Rutger Bregman
Rutger Bregman’s “Utopia for Realists” challenges conventional ideas on work, poverty, and society, advocating for universal basic income, shorter workweeks, and open borders. - Who is Rutger Bregman?Rutger Bregman, a Dutch historian, advocates for Universal Basic Income and a shorter workweek, prompting discussions on societal wealth and encouraging a rethinking of traditional economic models.
- Book Review: The Wealth of Nations by Adam Smith
Adam Smith’s The Wealth of Nations explores economic principles like free markets and productivity, remaining influential for understanding wealth creation despite its challenging nature and outdated writing style. - Book Review: The Worldly Philosophers by Robert Heilbroner
The Worldly Philosophers introduces foundational economic ideas through storytelling, emphasizing human behavior, market imperfections, and the impact of big ideas on personal finance decisions. - Book Review: A Conflict of Visions by Thomas Sowell
Thomas Sowell’s A Conflict of Visions explores fundamental differences in human nature assumptions driving political debates, emphasizing the constrained versus unconstrained visions shaping economic thought and opinions. - Who Is Thomas Sowell?Thomas Sowell, a prominent intellectual, has profoundly influenced economic thought through his diverse writings, emphasizing trade-offs, incentives, and the limits of centralized knowledge in policy evaluations.
- Book Review: Basic Economics by Thomas Sowell
Basic Economics by Thomas Sowell explains economic principles clearly for general readers, emphasizing trade-offs and unintended consequences, and serving as a valuable introduction to economic thinking. - What is a Short Sale?A short sale allows homeowners to sell their property for less than their mortgage balance with lender approval, avoiding foreclosure’s costs and complications while impacting credit scores.
- What Is Forbearance?Forbearance is a temporary relief option allowing borrowers to pause or reduce payments during financial hardship. Understanding terms and repayment options is crucial before agreeing.
- What Should You Do If You Cannot Make Your Mortgage Payments?
Facing mortgage payment issues is stressful but manageable. Communicate with your lender, explore forbearance, seek counseling, prioritize payments, and build financial resilience for long-term stability. - What Is the Lump of Labor Fallacy?The lump of labor fallacy mistakenly believes there’s a fixed number of jobs, leading to misconceptions about immigration, automation, and retirement impacts on employment.
- What is the Global Industry Classification Standard (GICS)?The Global Industry Classification Standard (GICS) categorizes publicly traded companies into 11 sectors, aiding investors in understanding market dynamics and portfolio alignment for informed investing.
- Book Review: 1929 by Andrew Ross Sorkin
Andrew Ross Sorkin’s “1929” analyzes the 1929 stock market crash, highlighting the role of speculation, investor psychology, and regulatory failures while offering valuable lessons for modern investors. - Who is Joe Nocera?Joe Nocera, a distinguished business journalist, clarifies complex financial systems and regulatory issues, providing valuable insights into economic behavior and corporate accountability for everyday readers.
- Book Review: A Piece of the Action by Joe Nocera
A Piece of the Action explores how the middle class became entwined in modern finance, emphasizing the influence of financial systems on individual behaviors and choices. - Book Review: Well Endowed by Vivian Tu
Vivian Tu’s “Well Endowed” offers accessible personal finance insights, emphasizing intentional spending, financial literacy, and confidence, ideal for those beginning their financial journey. - What Are Junk Bonds?Junk bonds are high-yield, high-risk investments issued by lower-rated companies. They provide attractive returns but carry significant default risks, especially in economic downturns.
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