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 »
There is a question that most investors never ask themselves, probably because the answer is uncomfortable. At the end of the day, what did you actually touch? Not metaphorically. Literally. Was there a thing in the world that was different because of your money? A door that opened. A roof that kept rain off someone.
Tangible Leverage vs. Digital Speculation: Real Estate vs. Day Trading Read More »
There is a reason you have never seen a dividend growth investor go viral. It is not because they are wrong. It is because watching paint dry does not trend. Every quarter, millions of investors receive small deposits into their brokerage accounts. Coca Cola pays them. Johnson and Johnson pays them. A utility company in
Your Dividend Portfolio Does Not Make For Good Content. FinTwit Knows This Read More »
There is an old joke about real estate. They are not making any more of it. It is supposed to explain, in one line, why buying dirt has been a reliable path to wealth for about ten thousand years. Land is finite. People are not. Therefore land wins. Case closed, pour the concrete, collect the
There are two phrases in finance that sound almost identical and mean almost opposite things. One is “margin of safety.” The other is “margin call.” They share a word. They share a universe. They do not share a worldview. A margin of safety is what a value investor builds into every decision on purpose. A
Margin of Safety vs. Margin Call: The Value Investor Meets the WSB Trader Read More »
There is a particular kind of person who spends fifteen years tracking every coffee purchase in a spreadsheet, maxing out retirement accounts, driving a used Toyota, and quietly building a portfolio that will one day let them walk away from work forever. And there is another particular kind of person who, during a single Tuesday
Years of Discipline vs. One Lucky Trade: The FIRE vs. WSB Theory of Wealth Read More »