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Alfred Nobel

Prize Worthy

 For the main, Nobel Prize winners elicit little response. One of the winners this week in economics is a noteworthy exception. Professor Eugene Fama of the University of Chicago, father of the Efficient Market Hypothesis, was one of three U.S. economists to share in the award this year. Markets are informational exchanges and Dr. Fama […]

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Years, Not Days

“We believe in experts in the same way that our ancestors believed in oracles.” – Philip Tetlock (Author) I read an article recently on one of the popular personal finance sites that essentially asked “Where to invest now?” This is a very common theme.  Everyone is looking for “expert” advice about what to invest in […]

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Santa Monica Mountains

Beliefs and Actions

Many people say they want to accomplish long-term financial goals but when it comes to actually making tradeoffs and taking action steps they falter. There is a disconnect between what they say they believe and what they do. The sheer magnitude of largely short-term oriented financial news (and I use this term loosely) is sometimes […]

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