How to Beat the 'Mother of All Biases' Before It Wrecks Your Portfolio
Overconfidence has been called the "Mother of All Biases" and is so common that 93% of Americans claim to be better drivers than the median person, which is, of course, statistically impossible. But there are strategies you can use to beat it.
From the Archives: For Investors, Rebalancing Actually Leaves You with Less
Jack Bogle revolutionized investing in 1976 when he launched the Vanguard 500 Index Fund, the first mutual fund designed for individual investors to track a market index. What he said about rebalancing might surprise you.
From the Archives: Walter Schloss' Light Work Habits Paid Off
During the holidays, please enjoy some of the best from the My Daily Oracle Archives. See you again with new
From the Archives: Warren Buffett on having no talent
During the holidays, please enjoy some of the best from the My Daily Oracle Archives. See you again with new
Can Warren Buffett Save You from an AI Bubble?
Investors who fear markets are in an AI bubble want a safe place to put their money so it won't disappear if the bubble pops.
The Big Short's Steve Eisman: Why This Famous Bear is Now Bullish on America
Steve Eisman made $700 million shorting the housing market, but today he is a big believer in the U.S. economy.
This Self-Made Billionaire Says Self-Pity Will Just Make Things Worse
At the age of 31, Oracle of Finance Charlie Munger was divorced, was nearly broke, and had lost his young
This Financial Historian Says Embrace the Bubble
Warren Buffett is famous for holding more than $340 billion in cash in the war chest of his company, Berkshire
What They Really Mean When They Say, “I Am a Value Investor”
Warren Buffett calls himself a value investor, yet restricts most of his equities investing to large-cap blue chips, with a
The Most Boring Way to Beat the Market
Value stocks are about as exciting as watching grass grow. But have you ever noticed just how much your grass
Emerson and Buffett Agree on One Thing: Patience
Adopt the pace of nature: her secret is patience.
— Ralph Waldo Emerson
Ralph Waldo Emerson wasn’t an investor, but
Is the Trend Your Friend?
Technical analysts, or "chartists", make their investment decisions according to how share prices are behaving. Martin Zweig was
Charlie Munger Sounds a Bit Like Your Mom
Charlie Munger's journey from a childhood trading hamsters to becoming a multi-billionaire was marked by an uncommon blend
Munger and Thoreau: The Compounding Power of Not Needing Much
Compounding interest is powerful, if only we don't get in the way by drawing down too soon instead
Charlie Munger: Diversifying or di-worsifying?
"It's not that easy to have a vast plethora of good opportunities that are easily identified. If
