I’ve noticed a trend in some economic circles that seems to stem from the Positive Money and MMT people – this idea that government “debt” is “equity”. While the taxonomy [ … ]
Category: Recommended Reading
How to Overcome Your Fear of Bonds
I specialize in building relatively conservative “all weather” style indexing portfolios. They are designed for people who have a reasonably long time horizon (at least 5-10 years), don’t want to [ … ]
Why Indexing Works
I am a big advocate of low cost diversified indexing in much the same way that most Vanguard funds work. The reason for this is simple – it’s been proven [ … ]
Investing is not the Same as Gambling
It’s the Monday following the second leg of the Triple Crown and a whole bunch of people lost money betting on the Preakness. Like the stock market, the allure of [ … ]
New Here? Read These Posts First
Below are some of my favorite pieces from Pragmatic Capitalism. I would highly recommend the following for new visitors. You can also view the educational resource page at Orcam for [ … ]
What is Countercyclical Indexing?
We founded the concept of Countercyclical Indexing by answering some simple questions: Is a “balanced index” like a 60/40 stock/bond portfolio actually balanced? Does it make sense to rebalance back [ … ]
Where Does Money Come From?
“The process by which money is created is so simple the mind is repelled.” – JK Galbraith There’s a reason why myth # 1 in my “biggest myths in economics” is [ … ]
A Cheat Sheet for Understanding the Different Schools of Economics
Ever wanted a basic overview of the various schools of economics? Of course you didn’t, but I will give it to you anyhow.
The Stock Market isn’t Where you Get Rich
You’re much more likely to become wealthy investing in your own ability to generate future production than you are by buying an asset that was actually someone else’s investment.