Businesses, Stock Markets & the Economy Why a Stock Peak Isn’t a Cliff (Dimensional) “Many investors may think a market high is a signal stocks are overvalued or have reached a ceiling. But they may be surprised to find out that the average returns for the S&P 500 Index one, three, and five years after a new market high are similar to the average returns for the index over any one-, three-,...

Businesses, Stock Markets & the Economy Corrections, Retracements, Crashes & Dips  (Barry Ritholtz) Source: Barry Ritholtz “Whenever we have a one-day event that looks different from the prior few days or weeks, I wonder how the language used might impact investors . . . Is a “Sell off” worse than a “Pullback”? Should people be more worried about a “Correction” than a “Dip”? What about the plunges, overbalances, surprises, lurches, debacles, ruins, depressions,...

A quick meditation for gratitude for this Thanksgiving season (headspace.com) "One way we can integrate gratitude into our busy lifestyles is by taking in our surroundings. The next time you find yourself strolling outdoors alone, try this quick meditation. Start walking at a steady pace, which feels comfortable for you. Take a moment to take in the surrounding environment, focusing on what you see around you. Notice whether it is quiet...

Businesses, Stock Markets & the Economy Watch on YouTube: Bitcoin (and the blockchain) Explained (Slidebean)   Or read: Demystifying Cryptocurrencies: A Primer (Avantis) Your Finances & other Wealth Management links Asset Allocation When You Have Enough. “What you'd like to achieve with any "extra" assets can help you calibrate your portfolio's equity exposure.” (Morningstar) “At the end of the day, there’s no “right” answer to creating an asset allocation mix. It all comes down to an...

Businesses, Stock Markets & the Economy Let the Market Worry For You (Michael Batnick) “In Bill Miller’s most recent investor letter, he perfectly captures the posture that most investors ought to have. When I am asked what I worry about in the market, the answer usually is “nothing”, because everyone else in the market seems to spend an inordinate amount of time worrying, and so all of the relevant worries seem to be...

As usual, there was plenty to be concerned about in years past if you paid close attention to the never-ending news cycle. But throughout, markets delivered strong returns as you can see in the excerpt below from page 4: It’s typical to think of capital markets as nothing more than constructions for conducting commerce and making money. That they tend to do over time. But markets are made of people, in all...