Are you a fox or a hedgehog in your investing?

Are you a fox or a hedgehog in your investing?

A short fragment of poetry over 2,600 years old set the academic world ablaze when it was cited in 1951. Attributed to one of the greatest Greek poets, Archilochus of the Greek island of Paros, was this simple phrase: “Πόλλ᾽ οἶδ᾽ ἀλώπηξ, ἀλλ’ ἐχῖνος ἕν μέγα.” The fox...
Active vs. passive: Is it for real?

Active vs. passive: Is it for real?

On Saturday, my free weekly copy of Proactive Advisor Magazine showed up in my email inbox, as well as a special “Proactive Advisor Spotlight” email that focused on the active versus passive management debate. The Spotlight email contained three short articles by a...
Breaking out: It can be bad or good

Breaking out: It can be bad or good

This weekend a private high school in Miami staged its prom, and the theme was “Welcome to the jungle.” No story there, right? But there was, as the school administration, seeking to make it an event, invited not only the students but what looked like a portion of the...
Volcanoes and investments can both erupt

Volcanoes and investments can both erupt

I can still feel the heat radiating through the thin soles of my tennis shoes. The surface we were traversing was difficult, and the “rocks” around us were sharp and dangerous, looking like the waves of a tumultuous sea caught and frozen in stop motion. A glow seemed...