People don't necessarily want the truth for many things in life - especially politics, relationships, and investing - we want certainty....

Throughout our investing lives, the decisions we make today, tomorrow, or next week won't matter as much as our actions during the small number of days...

History is driven by surprising events, but obvious events drive forecasting.  Our inability to predict the past never dampens our appetite to forecast the future....

What's going to change over the next ten years? A sensible question.  We know a great deal will shift over a decade. However, we rarely ask, "what's not going to change over the next ten years?"  The second question is probably more important...

Courage to invest long-term means accepting the past wasn't as good as you remember, the present isn't as bad as it feels, and the future will surpass your expectations...

When Warren Buffett started his first investment partnership in 1956, he set expectations by establishing several ground rules for his partners. He explained what he could and couldn't do, along with matters about which he was uncertain....

What if we're wrong?  Any sound investment philosophy begins with this question.  The past two years remind us that financial ambushes lurk around every corner....

Risk happens gradually, then all at once.  Inconvenient slips needle us as markets rise, while ruthless wealth plundering declines stun us as they tumble.  Over the past two years, we've gone from the most significant economic crisis since the Great Depression......

When we're losing money, markets can feel like a casino. That feeling, while natural, is inaccurate. The longer we gamble in a casino, the more odds tilt in the house's favor. Vegas is "Vegas" for a reason. The longer we stay in the game, the greater our odds of success.

History doesn't crawl; it leaps.  Significant events that change the world seem abrupt, shaking our confidence casting the world in a dense fog.  More times than not, giant leaps aren't giant at all.....