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

JEB!'s Future Tax Policy

JEB!’s Future Tax Policy

By The Banker | Blog Posts, Taxes

I’m going to start this post with the controversial thing, before moving on to the analytical thing. Now, I know you. You’re going to want to angrily write to me about the controversial thing, and especially how I’m wrong. I don’t care. What I’m hoping is that we can turn quickly to the analytical thing, which [&hellip

Feeling Broke Feeling Whole

Feeling Broke Feeling Whole

By The Banker | Blog Posts, Texas

As a rule, I prefer having more money rather than less. I share this preference with 99.97 percent of basically everybody. Especially in this period between Thanksgiving and Christmas we feel the need for more money most acutely. The American poet Marshall Mathers – in his well-known Cri de Coeur “Mockingbird” – aptly captured his [&hellip

Tiny Person's Tiny Piece of a Big Company

Tiny Person’s Tiny Piece of a Big Company

By The Banker | Blog Posts, Investing, Personal Finance, Texas

My 5-year old daughter recently visited Disneyworld.[1] My main message to her, before she left, was to “make sure you do some financial due diligence while you’re there, maybe you want to buy some stock in Disney?” What? Like you wouldn’t give the same message to the 5-year old in your life? A week earlier, [&hellip

Financial Readiness - My 5 Stages of Grief

Financial Readiness – My 5 Stages of Grief

By The Banker | Blog Posts, Insurance, Investing, Personal Finance, Taxes, Texas

My personal bank – which also offers insurance and investments – recently invited me to discover my ‘Financial Readiness’ score, available in five minutes by taking a quick online survey. Now, I am a competitive person who likes to win. For example, I know my SAT scores from high school, as well as my fastest [&hellip