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THE SUM


Knowledge + care + discipline bring you peace of mind


Click the links below to read more—and please let us know what you think.

Flip My Portfolio?

Readers of a certain age may recall Flip Wilson, host of a 1970s variety show, and the characters he created. For example, Geraldine Jones became famous because of her catchphrases such as “the devil made me do it!” and “what you see is what you get,” the latter the source of the acronym WYSIWYG still used in the computer industry.

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Eternal Recurrence, or No Time to Be Chicken

A reader of securities law regulations 30 years ago would be surprised to find reams of rules and commentary addressing “hot” initial public offerings.

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I’ll See It When I Believe It

“You cannot help dealing with the limited information you have as if it were all there is to know. You build the best possible story from the information available to you, and if it is a good story, you believe it.”

— Daniel Kahneman, Thinking, Fast and Slow (Farrar, Strauss and Giroux, 2011), p. 201

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Investing, Marathons and the Wall

Watching trials for the Olympic Games, we realized that what we generically think of as “running” is vastly complicated.

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Is the Raccoon There or Not?

When my oldest daughter was three years old, she heard that a neighbor had seen raccoons in the forest behind our house. At dinner, she worked herself into a panic, raving about nightmares of raccoons in the house.

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What if Gronk Caught the Ball?

With five seconds left in this year’s Super Bowl, the New England Patriots, down by four points, tried a desperation pass into the end zone.

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Four Risks, Four Bricks

In our January newsletter last year, as others deluged you with economic and investment predictions for 2011, we warned against the perils of believing that you, or anyone else, could predict future events accurately.

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