Category: Investing

Would You Play Golf on a Weekday Afternoon?

Last summer, I was invited by a few friends to meet at 4 o’clock on a weekday to play a few holes of golf on a sunny afternoon.   As I got out of my car, a guy I know waved and said, “Hey, great to see you, but don’t you still work?”  (Yes.) Over on the driving…


Why the Market Keeps Going Up and Why It Might Matter to You

I work in the stock market, although I have never written a “market” piece in this venue. So why now? Because the broad indices have steadily climbed higher for almost five years and, until recently, no one outside of those of us trading stocks all day, seemed to notice. Now I have to be careful…


Steroids, Stocks and Too Good to be True

What can investors learn from the sagas of Lance Armstrong or Roger Clemens? Are there lessons from observing the spectacular career heights and precipitous declines of some of our most celebrated athletes? We exalt in the extraordinary because it makes us feel closer, as humans, to grandiosity ourselves.