Author: Editorial Staff

Market timing is the attempt to be fully invested when the market rises and not exposed when it falls. Basically, buy low and sell high. You do not have to find winners; you simply have to be invested at the right time.…

Commercials hawking gold as a sound investment are once again littering the airwaves. Gold is neither sound nor an actual investment. It is a mere commodity, comparable to wheat, oil, and pork bellies. Its price, in the long run, is most impacted…

One of my favorite lessons from Wharton has less to do with business and everything to do with people and how they perceive themselves. Two maggots are sitting on the rear bumper of a garbage truck when its wheels strike a pothole,…

In medicine, doctors must abide by the Hippocratic Oath, often summed up by a phrase from The History of Epidemics: “first, do no harm.” In law, the rules of professional responsibility require lawyers act in the interest of their clients. In finance,…

Willie Sutton, a prolific bank robber in the 20th century, was famously, if erroneously, credited with a famous quote. Asked by a reporter why he robbed banks, Sutton supposedly answered “because that’s where the money is.” The message stuck, generating a principle…