There is a cruel joke hiding inside the fast money world. Two groups of people are trying very hard to get rich from the markets. One group has written down a strict set of rules and follows them with something close to religious devotion. The other group has abandoned rules entirely and replaced them with […]
Day Traders Have Rules. WSB Has Memes. Both Lose Money, But For Very Different Reasons Read More »
There is a strange thing that happens when you hand the same hammer to two different carpenters working on two different houses. At first glance, the work looks identical. The swing is the same. The nails are the same. The confidence is the same. But one house is built on bedrock and the other is
There is a question that almost nobody in the trading world wants to answer honestly. If you had to choose between making real money in private and losing money in public while being celebrated for your takes, which would you pick? Most people would say the first. Most people would be lying. This is the
There is a quiet war happening in the corners of personal finance, and most people have not noticed it. It is not loud like the crypto debates. It is not dramatic like the WallStreetBets saga. It happens in forum threads, in podcast comment sections, in the polite disagreements between two people at a dinner party
Dividend Checks vs. Rent Checks: Two Visions of Passive Income Read More »
There is a joke that floats around Boglehead forums, usually delivered without a smile. It goes something like this: day traders are not really investors. They are philanthropists. Every time they click buy and sell, they are making a small charitable contribution to the rest of the market. The joke is not meant to be
Why Bogleheads Think Day Traders Are Donating Money to the Market Read More »
There is a particular kind of comedy that only finance can produce. It happens when you put two groups in the same room who technically do the same thing, buying pieces of public companies, and discover they might as well be practicing different religions. The Bogleheads and the WallStreetBets crowd are that comedy. They both
The Most Disciplined Community in Investing vs. the Least: Bogleheads vs. WSB Read More »
In 1934, two professors at Columbia Business School published a book that would quietly define how serious people think about money for the next ninety years. In 2008, an anonymous figure who may or may not exist published a nine page PDF that would loudly redefine it for everyone else. Benjamin Graham and David Dodd
There is a room somewhere on the internet where two people are looking at the same stock and reaching completely different conclusions about what to do with it. The first person has spent the weekend reading the company’s last four annual reports. They have a spreadsheet open. They have highlighted passages about margins, debt, and
Fundamental Research vs. Forum Driven Momentum: Two Retail Investor Cultures at War Read More »
Scroll through Financial Twitter for an hour. You will see charts, macro takes, options strategies, hot stocks, cold stocks, Federal Reserve speculation, and at least three people claiming they saw the last crash coming. What you will almost never see is someone talking about how they refinanced a duplex in Tulsa. Now open any real
Why the Real Estate Community and FinTwit Almost Never Overlap, and What That Tells You Read More »
There is a strange kind of civil war happening inside the fast money world. On one side, you have the day trader. A person who wakes up at five in the morning, studies charts, sets alerts, keeps a trading journal, and speaks about risk management the way a monk speaks about meditation. On the other
Disciplined Setups vs. Degeneracy: The Day Trader vs. WSB Read More »