Bad Investor

Bad Investor

By Bad InvestorBusinessInvesting
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Bad Investor episodes

  • Ep 40 - Giving up some gains is ok after a wild bull run

    Market pullbacks are expected after long bull runs. So are rotations when one sector has outperformed. Tech has outperformed and we're seeing some corrections in some parts of the markets, but things are ok overall. If we take a longer time frame -- something like a monthly, quarterly, or annual time frame -- then things don't seem so bad; it's only when we're obsessed about short term volatility that such market conditions cause us anxiety. 

    3 min
  • Ep 39 - Market corrections, and this one specifically
    A few of my thoughts on the recent market correction. It may be more appropriate to call this a rotation out of tech stocks because it may not be a true correction. I think this isn’t bad — it’ll harden newbie investors that entered after March 2020 and haven’t experienced anything but green fields. It’s time for them to experience what it really means to be an investor. This will make them better investors themselves, which is good for the market in the long term.
    18 min
  • Ep 38 - $1400 stimulus checks are imminent

    Stimulus checks are about to go out it seems, with Biden working with the Senate a bit to tone things down. Specifically, they seem to have agreed to lower the income cutoff thresholds so that people making more than $75,000 a year (filing single) start getting the check tapered off very quickly. With the insane level of money printing, it's a bit strange to see discussions at such granular levels - the politicians don't make much sense per usual, but at least they aren't bickering as much any longer and there seems to be at least some semblance of bipartisanship coming out of DC. 

    3 min
  • Ep 37 - Global Diversification 102
    Global diversification allows you to diversify across a wide range of political orders and ways of living. The US is just one of many countries, and one of many political systems and ways of being as a people. So far, the approach we have in the US — focused on property rights and reasonable levels of liberty with decentralized governance, rule of law, and the ability to form contracts — has proven an excellent way to build wealth in society. That doesn’t mean the future will be the same as the past - it’s very conceivable that other societies and other ways of governing may prove better-suited to wealth creation in the 21st century. We simply don’t know, because we don’t know the future. That’s why robust diversification matters so much.
    15 min
  • Ep 36 - Global Diversification 101
    Global diversification is key if you want to be exposed to more than just your country’s economic output and growth. Global diversification also allows an investor to take advantage of rare outsized growth opportunities in regions that are developing very quickly relative to the rest of the world.
    15 min
  • Ep 35 - Modern capitalism vs. human nature
    The modern capitalist world provides us with a lot of goods and services - whether rich or poor, we’re far better off materially today than in the past. Are there any drawback to this modern world, however? Is it all good, or is our current way of life taxing to our human nature?
    16 min
  • Ep 34 - What investing means to the Bad Investor
    Investing is more than the way we think of it in the West in modern society — it’s something far broader and something that can be applied in all sorts of times and places, not just in modern capitalist societies. Investing may mean planting trees, raising chickens, or doing favors for the community. Investing is whatever helps you create a pleasant, secure, and sustainable existence for yourself and those you love. Focus on things from this first principles approach so that you’re not so tied into the stories of modern capitalism that drive all of us wild and cloud our thinking about what’s really important.
    13 min
  • Ep 33 - Mild market corrections
    Mild corrections to the overall stock market are normal and even healthy in the long term. Unlike more severe corrections or downturns, these mild ones can be expected to occur annually. So, if you’re not expecting a drop of 5% or 10% or 15% in a single day to occur once per year, you’re living in an investing fantasyland. Although fun, such places aren’t useful for long term investing success — clear your thinking, diversify your portfolio, manage your risk prudently, and invest boldly.
    6 min
  • Ep 32 - Why the US can’t just stop printing money
    The US can’t stop printing money very easily because it’s not an entity — it’s a bureaucracy made up of a ton of people each optimizing in their own way for their own interests. That makes me pessimistic in terms of our ability to stop printing money like crazy, but I also understand how difficult (and possibly devastating) it would be if we stopped all of a sudden. We’re in a very precarious situation no matter which path we choose.
    15 min

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Some thoughts on how to not be a terrible, money-losing, investor