Adaptive Market Hypothesis

The Adaptive Market Hypothesis

Evolutionary Investing- The Adaptive Market Hypothesis   The Adaptive Market Hypothesis is a concept from evolutionary investing. The stock market isn’t efficient. But it isn’t entirely random, either. The efficient market theory is derived from the ideal that Homo economicus […]

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chaos theory in stock market

Chaos Theory and the Misbehavior of Markets

Mandelbrot, Chaos Theory, and The Misbehavior of Markets   Stock market returns are not just random—they are randomly random. That is, stochastic. While I love the word stochastic, it and Chaos Theory are poorly understood by ordinary people. This is […]

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What Was I Thinking When I Bought Crytpo?

What Was I Thinking When I Bought Crytpo?

What Was I Thinking When I Bought Crytpo?   Note- This was originally published in June 2022 and updated in July 2023 I recently bought three different cryptocurrency coins. I don’t have custody of them, neither hot nor cold. But […]

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Behavioral Investing

Behavioral Investing

Behavioral Finance and Behavioral Investing Behavioral finance studies how to systematically take advantage of errors caused by human thinking and emotion. Behavioral investing, on the other hand, aims to cash in on the irrational investor. How is behavioral finance different […]

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Outcome Bias and Investing

Resulting and Investing

Choose your Results When Investing   How would you like to choose your results when investing? As it turns out, we all do! It is a common bias called the outcome bias. Also known as “resulting,” the outcome bias is […]

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Reinvesting Dividends

When to Stop Reinvesting Dividends?

Stop Reinvesting Dividends When You Retire Some people think you should always reinvest dividends. Others think perhaps there are times when you should stop reinvesting dividends when you retire. When should you stop reinvesting dividends before you retire? What is […]

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Bullet Bond ETFs

Bullet Bond ETFs

Bullet Bond ETFs   Your asset allocation has risk on one side and safer assets on the other. For instance, a 60/40 portfolio has 60% Stocks and 40% Fixed Income. Different ways of structuring your safer part of the portfolio […]

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Managed Futures

Managed Futures

Managed Futures   Managed futures suffer from a branding problem. Just like high yield is better than junk, and private credit is better than hard money, managed futures will have a renaissance in the next decade after a re-branding. But […]

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