“Going up north” in your investing?

“Going up north” in your investing?

In the summertime, it’s always the same here. You ask a friend or colleague what they’re doing on the weekend, and inevitably the answer is the same: “Going up north.” Michiganders love the fact that we are the Great Lakes State. But it’s not just the Great Lakes that...
I hate “active management”

I hate “active management”

Yes, you got the headline right. “Fifty-year practitioner gives up on ‘active management’!” The phrase “active management” sucks. It no longer conveys what was originally intended. Once it was a strategy to contrast with the “buy-and-hope investing...
Looking for an investment bargain

Looking for an investment bargain

Everyone wants a lower price. For years American capitalism has relentlessly driven prices lower on just about everything. First there was Kmart, then Walmart, and now Amazon. Each new giant retailer has based their growth on offering lower prices. Have you noticed...
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...