Data > Narratives — Jack Bogle and Vanguard basically solved investing for us decades ago. Invest in low-cost index funds that buy the entire stock market, and basically forget about your portfolio until retirement until you one day wake up and discover you're rich. That's why with next to no marketing spend — there…

Debt + volatility = financial disaster — If Bitcoin hopes to survive its current meltdown, it needs much better spokespeople. Bitcoin is a faith-based asset — it has no intrinsic value. The only reason the value of Bitcoin has ever gone up is that more people became interested in buying Bitcoin. This creates an incentive for early…

The upper-middle class has no idea what living "paycheck-to-paycheck" actually means — The financial media feasts on the inflation narrative. The latest installment in the inflation gaslighting is this absurd headline from Bloomberg "One-Third of Americans Making $250,000 Live Paycheck-to-Paycheck, Survey Finds." In this article: No, 33% of people making $250,000+ are not living paycheck to paycheck

Breaking the myth of the “Fearless” entrepreneur — Here’s a narrative I want to smash into a million pieces; entrepreneurs are “fearless,” and anyone who stays at a 9–5 job long-term is a “sheep.” I write about money, so I spend a lot of time on LinkedIn and “Money Twitter.” Every day I see some version of the…

How stocks have performed after rising interest rates — The financial media feasts on narratives about interest rates. This is particularly true in rising interest rate environments where financial conditions tighten and investors get nervous. …

What you need to know before investing in small-cap stocks — The financial media focuses so intensely on giant companies like Amazon and Apple that many people believe owning these big names is the only way to succeed as an investor. What if I told you, it’s possible to outperform the big names by investing in smaller, lesser known companies? Small-cap…

The regressive nature of helicopter money — Do you think it's a good idea for the government to give $10,000 to real estate investors to compensate them for the high cost of rental properties? No? Then you shouldn't be a fan of the student loan forgiveness policy the Biden administration is reportedly considering. The Biden administration is…

The maddening reality of stock market investing expressed in 1 chart — Here are two contradictory truths about the stock market. Most years, the market goes up. Even in good years, it's usually a painful experience. When the stock market has a bad day, week, month, or even quarter, it's tempting to think that the wheels are about to fall off, and…