Creating Wealth a Matter of Discipline
David discusses the discipline of not going into debt, paying your way (at least partially) through college, and generally being frugal as the best path to creating wealth.
Read More...Attack of the Stock Picking Robot
David discusses a recent fraud perpetrated by two 20-something brothers who claimed to have a stock picking robot that could make investors rich in the penny stock market.
Read More...Beware of Gurus Bearing Predictions
David explains how market prognosticators can adversely affect markets and cautions against blindly following their recommendations.
Read More...Putting All Your Eggs In One Predictions Basket
David begins a conversation about predictions by media gurus, their possible impact on the markets, and why you shouldn’t put too much stock in what they say. He also talks about hedgefunds, leverage and losing bets.
Read More...Corzine Puts All His Eggs in One Basket
David talks about the recent failure of M.F. Global and its CEO, John Corzine, due to a huge single bet on European debt.
Read More...Obama’s Taxing Efforts to Turn Around the Economy
David walks you through the tax portion of President Obama’s American Jobs Act and evaluates how successful (or unsuccessful) these specific ideas might be.
Read More...Predictions, Returns and Estate Planning
-David cautions against putting too much stock in predictions and why it’s so important to stick to a long-term plan including comprehensive estate planning.
Read More...Don’t Chase Returns, Stick to Your Plan
David talks about the potential pitfalls of trying to chase returns by relying on past performance of various asset classes.
Read More...Picking Stocks Is Hard!
-David explains why trying to pick individual stocks in hopes of beating the market is difficult if not impossible. He also talks about the University of Texas’ huge gold position.
Read More...Picking Stocks is Hard!
David explains why trying to pick individual stocks in hopes of beating the market is difficult if not impossible.
Read More...The Greatest Trade Ever Made
-David talks about John Paulson, a hedgefund manager, who bet against the housing market and a saw his returns go through the roof. He also looks at trading shenanigans at JPMorgan.
Read More...Unknown Trader Takes Wall Street to School
David reviews “The Greatest Trade Ever”, a new book about John Paulson, the unknown hedgefund manager who made billions by betting against the real estate market during the height of the financial crisis in 2007.
Read More...Polls
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