Featured Insights

Out of the Frying Pan and Into the Fire: Selling A Highly Appreciated Stock Without Paying Taxes?

January 30, 2025 — 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. Thanks to Dave Blob and Larry Hilibrand for their input, and special thanks to Vlad Ragulin for his contributions, and to our colleagues Jerry Bell and Steven Schneider for their help.[/note]ESTIMATED READING TIME: 5 min. Over the past

Risk and Return

Buying a Dream, Losing a Future: The Financial Fallacy of Lottery Tickets for Low-Income Households

January 3, 2025 — For many, playing the lottery is a harmless bit of fun using some expendable cash...but is it really?

Featured Insights

How much happiness does money buy?

December 27, 2024 — They say that money can't buy happiness...but if you could, how much would you be willing to pay for it?

In the News

Patrick Boyle on Finance: How Much of a Good Thing is Too Much? with Victor Haghani

December 6, 2024 — Victor Haghani started his career at Salomon Brothers and shortly after became a managing director in the bond arbitrage group run by John Meriwether. He was a founding partner of Long-Term Capital Management and established its London office. The failure of LTCM was a life-changing experience that led him to question and revise much of the way he thought about the economy, markets, and investing. His new book - The Missing Billionaires is a personal

Risk and Return

Moonshot or Shooting Star? A Volatile Mix of MicroStrategy, 2x Leveraged ETFs and Bitcoin

December 5, 2024 — We generally try to stay in our lane here and focus mostly on the merits of low-cost investing and diversification. However, sometimes the market serves up something so fascinating that we can't help but sharpen our pencils.

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