After reaching new highs in 2021, with the S&P 500 (SPY) returning almost 29% and the NASDAQ 100 (QQQ) returning about 27.5%, the market turned in 2022. The S&P 500 and NASDAQ 100 are down 13.2% and 25.8%, respectively, so far in 2022. Much of what has happened in 2022 is a reminder of the … Continue reading Investing Lessons From 2022
Category: behavioral finance
Free guide to personal finance
For years, I wanted to write a book on personal finance and financial literacy. I finally found the time and wrote my take on what people need to understand in order to be effective with money. I have gone back and forth about whether to publish the manuscript through traditional means, self publish, etc. I … Continue reading Free guide to personal finance
Investor lessons from the Theranos scandal
I recently read Bad Blood, a great book about the rise and fall of Theranos, a venture-funded company that was once a darling of the tech world. The company claimed to have invented technology that could perform a wide range of blood tests with only a single drop of blood. The company raised a whopping … Continue reading Investor lessons from the Theranos scandal
Conformity and Consumption
A vast array of analysis suggests that Americans are making poor financial decisions that have the potential to lead to extreme future regret. We are consuming way too much and saving too little. One of the best ways to understand why we are acting this way is societal pressure to conform. On one hand, we … Continue reading Conformity and Consumption
A few lessons from my 20 years in finance
As of the start of 2019, it has been twenty years since I left NASA and started to work in finance. My first job in the private sector was in the emerging field of weather derivatives for a major energy trading firm. This was the era of energy trading that is most often associated with … Continue reading A few lessons from my 20 years in finance
Geoff Considine on Finance and Economics 