Investing 101

High VIX readings may feel unsettling, but they've often coincided with attractive long-term buying opportunities.

In this episode of Odds on Open, we sit down with Victor Haghani to dissect why institutional alpha frequently breaks down during the position sizing phase.

By design, a well-diversified portfolio always contains investments you may end up regretting...but that discomfort is the price of avoiding catastrophic outcomes.

Vanguard's Total World Stock ETF is an elegantly simplistic product...but is simplicity costing you money?

Rather than worrying about IPO inclusion timing, investors would be better served focusing on the long-term expected returns of the markets they're invested in.

The case for LSDI improves meaningfully in specific circumstances, but for many investors being pitched the strategy, the math doesn't support the hype.

Regular readers know we've been evangelizing a unified approach to lifetime investing and spending for a long time, which is why we're so excited about the work Yale Professor James Choi is doing.

The US stock market is heavily concentrated in a handful of technology companies, and many investors and commentators find this alarming - arguing that such concentration makes the market riskier.

Many of us sit on the advisory boards and investment committees of university endowments, charitable foundations, or family trusts, and several have recently asked us what big recommendations we'd make for their institution's investing process.

From the Elm HQ in Philadelphia, Founder and CIO Victor Haghani and Partner Jerry Bell look forward to 2026, discussing a variety of topics from capital market assumptions to bubbles and market riskiness.

Thank you to the hundreds of readers who submitted their estimates for the probability of a stock market crash over the coming year - though the data we received wasn't quite what we were expecting.

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.