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Featured Insights

How Likely is a Stock Market Crash?

Is a stock market crash just around the corner? It's a question on a lot of investors' minds these days - in this note, we'll explore a few different approaches to answering this question, including a detailed explanation of our favorite.

December 2, 2025|11 min

Featured Insights

Essential Wisdom from Twenty Personal Investing Classics

Twenty of the most influential voices in personal finance converge on a unified message: successful financial decision-making requires discipline, humility, and knowing that complexity is the enemy.

October 29, 2025|16 min

Featured Insights

Riding the Wheel of Fortune: A Practical Guide to Lifetime Investing and Spending

We steer our financial course through life choosing how much to spend and how to invest what's left, periodically updating our choices as circumstances evolve. It's a pretty simple problem to put into words, but finding an optimal solution has occupied some very bright minds since Harry Markowitz got the ball rolling 60 years ago.

September 11, 2025|8 min

Featured Insights

Intergenerational Thinking

Inheritance can be an important way to help support your family in the long-term - but even a large sum may not go as far as you might think.

July 15, 2025|9 min

Featured Insights

How to invest your enormous inheritance

What do you stand to inherit? It still feels like a question from a different age, despite its growing importance today.

July 1, 2025

Featured Insights

Decoding the Bond Market

Bond markets are a valuable source of information about the future. If you believe in the wisdom of crowds - particularly when the crowd is big, has lots of money and tends to focus on cash flows rather than blithely extrapolating future returns from the past - then you'll want to know what the bond market crowd has to say.

June 9, 2025

Featured Insights

The Most Revealing Question in Personal Investing...and How Warren Buffett Helps Us Answer It

By Victor Haghani and James White [note]This is not an offer or solicitation to invest, nor are we tax experts and nothing herein should be construed as tax advice. Past returns are not indicative of future performance. All errors are our own, they are fewer due to the help of our friends David Blob, Larry Hilibrand, Mark Jansen, and Jeffrey Rosenbluth, as well as our colleague Jerry Bell, who gave their comments on this article.

May 12, 2025

Featured Insights

A Double Kazoo with a Kazazz: Inverse-Double-Short-Leveraged ETFs Have Arrived!

Leveraged ETFs have been in the news a lot recently...

April 15, 2025

Featured Insights

Where Did I Put My Investments?

What's the best way to distribute your stock and bond holdings between your taxable and non-taxable investment accounts?

April 9, 2025|7 min

Featured Insights

Portfolio Rebalancing: Free Lunch or Empty Calories?

By Victor Haghani and James White [note]This is not an offer or solicitation to invest, nor are we tax experts and nothing herein should be construed as tax advice. Past returns are not indicative of future performance. Thank you to Professors John Campbell and Nick Barberis for pointing us to relevant areas of the academic literature, and to Jeff Rosenbluth and Larry Hilibrand for their comments.[/note] ESTIMATED READING TIME: 8 min. As market prices change

March 26, 2025|8 min

Featured Insights

All Quiet on the Stock Market Front?

Since the election of Donald Trump, the global stock market as a whole has been pretty tranquil...but this placid surface view masks some pretty meaningful underlying turbulence.

March 14, 2025

Featured Insights

Still Working the Night Shift

Here is an idea that defies conventional wisdom: the stock market has delivered most of its return in the night-time, when it’s fast asleep. Wait, what?

March 3, 2025

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