by Stoffel | Jun 4, 2026 | Investing, Risk Premia
Paying a professional more to manage your money makes you statistically poorer. That is not a criticism of intelligence or effort. It is arithmetic; and the numbers, accumulated across decades and millions of investor accounts, are strikingly consistent. Most people...
by Stoffel | May 7, 2026 | Biases, Decision Making, Investing
In 1875, an Ohio farmer named Samuel Benner published a chart that claimed to predict the future of financial markets. It was based on the price cycles of cast-iron. One hundred and fifty years later, that same chart – the Benner Chart – still circulates on social...
by Stoffel | Apr 15, 2026 | Investing
On April 9, 2026, Howard Marks published “What’s Going on in Private Credit?” – a full-length memo on the state of the market. Marks is co-founder of Oaktree Capital Management, one of the world’s largest alternative investment managers,...
by Stoffel | Apr 2, 2026 | ETF, Investing, Portfolio Management, Risk Premia
So, you have gone through the checklist. You understand your goals. You know your time horizon. You have accepted that markets will go up… and down. You are ready. Now comes the harder part; not intellectually, but behaviorally: What do you actually do next? Because...
by Stoffel | Mar 26, 2026 | Investing
A Practical Checklist Before You Buy Your First Stock At some point, many people reach the same conclusion: “I should start investing.” Maybe it is driven by rising costs of living. Maybe it’s curiosity. Or maybe it is simply the realization that leaving money in a...
by Stoffel | Mar 19, 2026 | Hedging, Investing
The Second Leg Down: Strategies for Profiting After a Market Sell-Off by Hari P. Krishnan sits at the intersection of derivatives, crisis alpha, and portfolio protection. Instead of focusing on how to hedge before a crash, the book addresses a more uncomfortable...
