Stock market history is the story of enormous gains with bouts of sheer terror amid the drumbeat of constant chaos.  All past declines appear like opportunities through the lens of hindsight, while uncertainty paints all future market slides as risks.....

History is the study of surprising events.  Ironically, historical data, littered with surprises, is the compass guiding us into the future.  Following an erratic two years, we covet predictability in 2022...

Current times usually seem complicated, and we fondly remember golden earlier days.  But the past certainly wasn't as comfortable as we remember, with more challenges than we often recall.  The same is true with investing....

We all crave certainty.  It's in our DNA.  But investing success isn't about discovering one optimal investment solution.  Optimal solutions don't exist because factors in the investment equation constantly shift.  What worked yesterday won't always work today...

Finance professor Elroy Dimson says, "risk means more things can happen than will happen."  Lurking beneath that comment is the sobering realization that if the COVID crisis had never occurred, something just as wild and unpredictable could have replaced it....

On March 23rd, 2020, The S&P 500 dangled at 2,237.40.  Three hundred and fifty-four trading days later, on August 16th, 2021, the S&P 500 closed at 4,479.71.  The fastest 100% gain off a bottom since World War II....

Distraction is the enemy of success. And distractions in the investing realm are well supplied. Wall Street never hesitates, dispensing arbitrary advice; "you need this," or "you should do that." The pundits on CNBC don't know you or your family...

Wealth isn't about having vast sums of money; it's about having a variety of options.  The more flexibility you have, the less you need to know what happens next.

Science is a discipline pursued with passion.  Art is a passion pursued with discipline; Investing balances in between.  The best way to navigate an investing world governed by odds - not certainty - is to leave room for error.....

When we buy a company's stock, we know the worst-case scenario - you can lose 100% of your investment. The best-case scenario is unknown - our upside is endless. . .