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The Three Worst Words of Stock-Market Advice: Trust Your Gut
Contrarian investors remember that when stocks fall, they become safer–even if they feel riskier.
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Market Plunge: Stocks Are Cheaper, But Not Cheap
Even when the stock market drops sharply, long-term valuations don’t change much.
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How Many Surprises Can an Investor Bear?
When news turns negative, to be a long-term investor means bracing yourself for the possibility of even more extreme short-term shocks.
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Home Is Where the Heart Is, Not Where the Returns Are
Houses don’t go up in value by an average of 10% annually. After inflation, there isn’t much evidence they go up at all over the long run.
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A Letter to My Unborn Grandchildren
A home is more than an investment. It is the place that helps shape who we are.
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“Phishing for Phools”: A Q&A with George Akerlof and Robert Shiller
Nobel laureates George Akerlof and Robert Shiller discuss their new book and explain why tricksters are an integral part of capitalist economies.
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The Cruel Psychology of the 1,000-Point Drop
A 1,000-point drop in the stock market is so vivid it can make you think you know what’s coming next. But to be realistic about the future, you have to recognize the limitations of the past.
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5 Things Investors Shouldn’t Do Now
In a market decline, how you respond as an investor is more important than how your investments respond.
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The New Era of Low Stock Returns
If investors are facing an era of predictably lower returns, they need to put a higher priority on cutting their costs.
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What ‘Petro Panic’? How Investors Should Adjust Their Portfolios
After the latest market panic, this time about oil prices, what should investors do?