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529 Best Practices
David Booth on How to Choose an Advisor
The One Minute Audio Clip You Need to Hear
Category: A piece we love
No Surprise – David Booth Takes the Long View Too
Dimensional Founder and Executive Chairman, David Booth, sat down with Money magazine to give his take on the trending Wall Street topics. It will come as no surprise to our followers that his answers point toward taking the long view.
Should investors give up on value stocks for good? Is the stock market about to burst? Is the crypto frenzy dangerous? Here’s Booth on all that and more.
A Quote We Love – Smart and Patient Wins Again
Podcast guest and personal finance author Morgan Housel recently wrote a piece warning of the dangers of trying to take the “fast” approach to investing. Housel’s “Too Much, Too Soon, Too Fast” tells the story of what happened to the third, lesser-known, investing partner of Warren Buffett and Charlie Munger.
Here’s an excerpt:
Everyone knows the investing duo of Warren Buffett and Charlie Munger. But 40 years ago, there was a third member, Rick Guerin. The three made investments together. Then Rick kind of disappeared while Warren and Charlie became the most famous investors of all time.
A few years ago, hedge fund manager Mohnish Pabrai asked Buffett what happened. Rick, Buffett explained, was highly leveraged and got hit with margin calls in the 1970s bear market.
Buffett told Pabrai:
Investing at the Top – A Forbes Piece We Love
John Jennings, podcast guest, Chief Strategist, and President at The St. Louis Trust Company, recently wrote about why it’s okay to invest at the top of the market in his latest Forbes piece. He shares the story of two clients, one that took his advice and one that didn’t. Which client are you…Smith or Jones? Read the outcome here.