Hat tip to Barry Ritholtz at The Big Picture
Robot Maker Fanuc Bets on Artificial Intelligence
How about robots that can repair themselves? According to this WSJ article, the future may not be too far away. Fanuc, a Japanese company and maker of robots has purchased a 6% stake in Preferred Networks, a start-up focused on artificial intelligence. I have owned Fanuc in the past although we do not currently own any shares. Personally, I had first-hand … Read More
Corrections are a time to get things right…again
As we kick off another volatile week on Wall Street (to the downside as volatility can also mean to the upside) I came across two great articles last week to provide some perspective on the current equity market situation; Barry Ritholtz’s weekly column at the Washington Post and a WSJ article by Geoffrey Rogow titled 5 Days That Taught Investors … Read More
The Emotional Investing Roller Coaster
There isn’t anything for me to add to describe the chart below compliments of Josh Brown at The Reformed Broker
The Biggest Threat To Your Portfolio
The Biggest Threat To Your Portfolio is a well-written piece by Josh Brown at The Reformed Broker who highlights that all of the current noise going around in the financial markets such as Greece, China, or the Federal Reserve is not the biggest enemy of your portfolio. The biggest threat to your portfolio is you. Brown notes in his article, … Read More
How to Get a Job at Goldman Sachs From a Non-Ivy League School in 8 Steps
Although this Business Insider piece is focused on getting a position at an investment bank, I think that these steps could apply to any field no matter what college or university you may have attended. Send resumes early And send resumes often Make Excel your best friend Treat the application process as a part-time job This is one topic that we will touch on often … Read More
Where You Live Correlates to a 20% Investment Bias
We are always interested in learning more about our investing biases. Hat tip to Barry Ritholtz for posting the graph below. Looking at the list of stocks that I follow, I definitely have a tilt towards the industrials. I think that this is likely not only because I grew up in the Midwest and currently live in MI, but also due to my extensive corporate … Read More
You’re only human: An economist explains how it hurts your portfolio
More and more an essential aspect of portfolio management is the psychological or behavioral side of investing. Put another way to understand how your emotions, biases, and way of thinking affect how you invest your assets. Richard Thaler professor of the Booth School of Business at the University of Chicago is widely considered to be the father of behavioral economics. … Read More
The Secret To Never Being Frustrated Again
Eric Barker at Barking Up The Wrong Tree had a recent post, The Secret To Never Being Frustrated Again, which caught me right at an opportune time as my wife and I try to parent our very demanding set of 4-year old Triplets. I have to remind myself that they are only 4 and I need to level set my expectations for … Read More
Even Doing Good Has Its Financial Perks
Even people who help other people have the ability to cash out in the equity markets. Brad Damphousse and Andy Ballester the founders of crowdfunding site GoFundMe have agreed to sell the controlling position to an investor group led by Accel Partners and Technology Crossover Ventures. The deal, values the company at around $600 million, according to a person familiar with the matter. … Read More
