Insights

One of my favorite Warren Buffett quips reads, “The most important quality for an investor is temperament, not intellect.” Not a greater example of this exists than in the introduction of Morgan Housel’s fabulous book, “The Psychology of Money.” In a nutshell, he describes two individuals. One is a first-generation high school graduate and lifelong janitor and gas station attendant. The other is a Harvard-educated and University of Chicago MBA graduate who was chosen for Crain’s “40 under 40” list
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It is no secret that kids can cost a pretty penny – raising a child from birth to 18 years of age can eclipse $230,000, an annual expense of nearly $13,000. Once you get past parenthood’s sticker shock, as well as the early sleepless nights, many parents (and grandparents) start thinking about preparing for future expenses. Many investors with the benefit of hindsight understand what they missed out on by not getting started earlier, which often leads them to want
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Investing in multiple countries can deliver more reliable outcomes over time, helping investors stay on track toward achieving their long-term goals. The US stock market is the biggest in the world, but investors who ignore other global markets may miss out on a wealth of opportunity. Stocks of the roughly 17,500 companies trading outside the US represent nearly half of the world’s $74 trillion equity market. When determining where to invest, a country’s size, population, or gross domestic product may
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