Investing Icarus: 6 Tips For Investing *Under*confidence
Icarus flew too close to the sun. But underconfidence was a risk he faced too. Investors should learn both sides of that lesson.
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Jesse Cramer
Jesse Cramer created The Best Interest to explain personal finance and investing in simple terms. His writing has been featured by CNBC, MSN, The Motley Fool, and other national publications. He resides in Rochester, NY with his wife and their dog, where he works in wealth management. Follow Jesse on Twitter: @BestInterest_JC
The Friction is the Message
In the financial world, the friction – or lack thereof – sends a clear message about who you’re dealing with.
Overconfidence in Investing
It takes confidence to take action. Investing is risk, and risk is scary. But overconfidence leads to too much action and screws it all up.
An Inferno of Compound Interest
The best time to extinguish a fire is at the start. Stop the compound spread as early as possible and prevent an inferno. Investing is the opposite. Interrupt your compounding as little as possible. Let your “inferno” grow and grow and grow.
Moneyball’s Essential Stock Market Lesson
An overemphasis on statistics leads to poor conclusions and poor decisions. When numbers replace thought, bad outcomes abound. It certainly happens in investing.
The Hidden Benefit of Saving Money
Saving money is a no-brainer. Its benefit is obvious. You have more money! Your bank account grows. Your 401(k) grows. You can retire (potentially early) and do fun things with the savings you’ve built up over time.
But there’s a second, hidden benefit to saving money.
Silicon Valley Bank 101
What happened – and is happening – at Silicon Valley Bank? Do you need to be worried about another financial crisis?
Great Investors’ Little Secret
Outsiders think investing is about intelligence. But insiders know differently. The true secret of great investing is…
Dying with Millions
Lawrence recently wrote in: Dear Jesse, My wife is 70 and I’m about to turn 70, and we’ve been retired for 8 years, and even… Read More »Dying with Millions
The McDonald’s Test
The McDonald’s Test is a simple way to ask yourself: am I *really* enjoying the fruits of my labor? Or is this one Big Mac too many…