In this video, I’ll explore the rise of Amazon.com over the past 20 years, and offer it as evidence that stock market valuation measures can’t be trusted. Amazon.com went public on the Nasdaq on May 15, 1997 at a value of $438M. Today it’s worth $460B (May 2017). Look at the chart from Recode, showing […]
Author Archives: Jason Kelly
How to Manage Your Index Funds
In this video, I’ll show you a good system for managing your index funds for high profit and low stress. Notes: Index funds are catching on for their low cost and better performance than active management. Passive funds now more than one-third of market, projected to reach half in five years or so. Fine, but […]
Fly Fishing Trip Report
Many readers expressed interest in my fly fishing trip with my friend and research partner, Roger Crandell, and asked for details. Here, then, is my first-ever fly fishing trip report. We began in Lake City, Colorado, the only incorporated municipality in Hinsdale County. It’s the least densely populated county in Colorado, with just 843 residents […]
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The Stock Market is a Social System
In this video, I’ll explain how the stock market is a social system, not a rational system of numbers. The easiest way to remember why stocks are unpredictable is to realize their prices are driven by human emotion and behavior. Think of other times when you know human behavior to be unpredictable: kids on a […]
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Are Smart Beta Funds Worth The Higher Cost?
In this video, I’ll explore whether smart-beta funds are worth their higher cost. Smart-beta funds have become popular. They try to replicate various investing techniques, such as value and growth, with an automated formula. Here’s how the funds were explained in a March 18, 2017 Buttonwood column in The Economist: [Excerpt shown at 0:35.] While […]
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