by Stoffel | Mar 27, 2025 | Biases, Decision Making, Investing, Leverage
Originally published March 2025 – updated April 2026 to reflect new research and a tighter structure. Introduction Most people who invest believe they are keeping pace with the market. Not beating it – few expect that – but roughly tracking it. The evidence,...
by Stoffel | Mar 6, 2025 | Investing, Risk Premia
When evaluating investments, most people focus on returns – how much something gained or lost in a given year. But what often goes unnoticed is the volatility of those returns, and how it quietly eats into your long-term performance. As a long-term investor, you...
by Stoffel | Sep 23, 2024 | Investing, Leverage
Leverage is a powerful tool in both investing and trading, allowing individuals and institutions to amplify their potential returns by borrowing money or using other financial instruments. When used wisely, leverage can significantly enhance profits. However, it also...
by Stoffel | Sep 20, 2024 | Decision Making, Investing
Investing in the stock market can be an exciting and daunting task. One of the most debated strategies within the world of investing is market timing – an approach where investors try to predict future market movements in order to buy before prices rise and sell...
by Stoffel | Sep 11, 2024 | ETF, Investing, Risk Premia
If Investors want to earn expected returns higher than the riskless rate, the most reliable way is to bear risks that markets reward with a premium. A less reliable way is to pursue active management, in which successful investors (skillful or lucky) reap gains at the...
by Stoffel | Sep 10, 2024 | Investing
What I learned from losing 70% of my portfolio and why that was the best thing that could have happened. The Bubble That Taught Me Everything I got lucky. Not in the sense that I made money, but in the sense that I learned life-changing lessons before the stakes...
