Are you being confused by investment semantics?

Are you being confused by investment semantics?

A few weeks ago, I wrote that I hated the term “active management.” I reached that conclusion not because I have become a “buy-and-hold” convert, but because the term has been so corrupted by the financial-services industry. Today, firms that are basically closet...
When surprises occur in everyday investing

When surprises occur in everyday investing

When we think of our lives or just talk about what we have been doing lately with a friend, we tend to focus on big events. If we have just taken a trip, the details will be recounted. If a baby has been born or we’ve been to a wedding, the event dominates our...
What if?

What if?

Just read the financial press or listen to one of the business shows. Everyone is asking the same questions: “What if we head into a recession and stocks tumble 30%, 40%, 50%?” “What if the economy continues to soar and we have more years of growth and prosperity? How...
“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...