Archive for the ‘How Not To Invest’ Category

Book Review: Where Are The Customers' Yachts by Fred Schwed

Book Review: Where Are The Customers’ Yachts by Fred Schwed

By The Banker | Book Reviews, How Not To Invest, Investing, Personal Finance, Wall Street

Sometimes I procrastinate reading something really important to the point that I want to kick myself. Over the years I’ve seen Where Are The Customer’s Yachts? By Fred Schwed listed on numerous ‘Best Of’ lists of financial books, but only now got around to it in 2016? Ugh, no excuse for me. But don’t think [&hellip

How To Win With Powerball - Learn The Math

How To Win With Powerball – Learn The Math

By The Banker | Blog Posts, How Not To Invest, Investing, Taxes

First things first,1 never buy a lottery ticket. Seriously, ever. Having said that, obviously I did buy a few this past week because, you know, I’m an irrational human. I’ll be the first to admit it. I also sometimes buy “King Size” Reese’s peanut butter cups (that’s the four-in-one size) in the checkout line at [&hellip

Never Sell! A Disney and Churchill Mashup

Never Sell! A Disney and Churchill Mashup

By The Banker | Blog Posts, How Not To Invest, Investing, Texas, Wall Street

In November I took my five-year-old’s life savings (mostly tooth-fairy money and birthday gifts) and bought her 4 shares in Disney stock via a custodial (UTMA) account. Fellow readers of If You Give a Pig a Pancake will already be familiar with the idea that certain actions lead inevitably to reactions. You see, if you [&hellip

Book Review: Stocks For The Long Run by Jeremy Siegel

Book Review: Stocks For The Long Run by Jeremy Siegel

By The Banker | Book Reviews, How Not To Invest, Investing, Personal Finance

Reading Jeremy Siegel’s classic on investing Stocks For The Long Run: A Guide To Selecting Markets For Long-Term Growth, I was reminded of three well-known investing aphorisms. “Take the long view.” (Also related: “Successful people have long time horizons. Unsuccessful people have short time horizons.”) “It almost certainly isn’t different this time”; and “Read books, [&hellip

Book Review: Behavioral Investment Counseling by Nick Murray

Book Review: Behavioral Investment Counseling by Nick Murray

By The Banker | Book Reviews, How Not To Invest, Investing

Murray is the author of one of my favorite investing books of all time, Simple Wealth Inevitable Wealth, and I’m reviewing this later book partly as an excuse to call attention to his earlier book, SWIW. But Behavioral Investment Counseling by Nick Murray stands on its own quite well. The book’s bedrock idea – captured [&hellip