"It's better to be approximately right than precisely wrong."  -unknown

I was listening to Barry Ritholz's interview with Professor Andrew Lo from MIT yesterday and I actually drove the long way home just to catch the end of it.  What a fascinating discussion that touched on so many meaningful topics...

Anyone that has visited Italy may be familiar with an Italian concept called "La Dolce Far Niente."  Loosely translated as "The Sweetness of Nothing," it embodies the carefree approach to life that you may find strolling through Florence or Naples...

"Become more humble as the market goes your way." -Bernard Baruch

Thus begins a fantastic post by Ben Carlson over at A Wealth of Common Sense, all dealing with the psychological struggles of an investor in a bull market...

So I've seen and heard plenty recently about the SPX reaching severely overbought conditions.  Here I'll introduce RSI and then discuss three simple questions... What does that mean?  How important is it?  What do we do about it?...

Flipping through the charts this morning and noticing (once again) lots of "up and to the right" charts.  When there are lots of similar charts, I like to look for the not-so-similar charts...

So I'm flipping through charts this week and I come across the daily chart of Walt Disney Co.  Following my traditional chart approach, I start at the right side of the chart to see where the price is at now related to its previous moves...

Recency bias is a common behavioral phenomenon where we tend to pay more attention to more recent data.  To take a step further, we often assume that whatever has happened recently (for example, a series of up days) will continue to happen...

As a student pilot, one of the most challenging moments early on was getting comfortable with stalls.  For those of you that are unfamiliar, a stall is when you basically create the conditions where your wings are unable to provide lift...

The Dow chart just looked familiar this morning.  I had seen this before.  Sure enough, it turns out there are some similarities to another Dow milestone, Dow 10,000 in 1999.  Chart below, 1998-1999 on top and 2016-2017 on bottom...