“Sudden-Death Aversion” leads to “suboptimal” choices by NFL coaches, investors Mickey Kim / February 18, 2022 On Jan. 16, 2016 the Green Bay Packers traveled to Arizona for a playoff game against the Cardinals (which had annihilated the Packers 38-8 three weeks prior). A 7-point underdog, the Packers [...]
Investors, realize 2021 was a high-return, low-volatility “unicorn” Mickey Kim / January 21, 2022 In 2021, the S&P 500 had its 12th best annual performance since World War II (posting 70 new all-time highs along the way), but investors should expect more modest returns in 2022. To prevent [...]
Investors should resolve to “KISS” in 2022 Mickey Kim / December 24, 2021 Behavioral finance shows investors act more like the imperfectly irrational and illogical Homer Simpson than the perfectly rational and logical Mr. Spock. It’s human nature to believe complex solutions must be superior to the simpler [...]
Zillow’s crash reveals danger of algorithms, “gamification” of housing market Mickey Kim / November 26, 2021 Purchasing a home is likely the most important investment you’ll ever make. Unfortunately, as anyone trying to buy a house can confirm, the pandemic has turned what should be [...]
Don’t be spooked by fears of another “Taper Tantrum” Mickey Kim / October 1, 2021 September has been the weakest month for U.S. stocks going back to 1950. The Wall Street Journal headline on September 21 brayed, “Stocks Record Biggest Slump Since Spring.” It’s been more than 300 [...]
Will “disruptive innovation” prophet Cathie Wood’s flock need an “ARK?” Mickey Kim / September 3, 2021 Whether it’s Ali vs. Frazier in boxing (the “Thrilla in Manila”), Duke vs. Kentucky in basketball or Godzilla vs. Kong in the movies, when “titans” clash, it always makes [...]
Confusing Speculating With Investing IS Hazardous to Your Wealth Mickey Kim / August 6, 2021 There’s a whole industry built around convincing you investing is as easy as child’s play and you can trade your way to prosperity, all for free. Whether it’s the very clever and entertaining [...]
Bitcoin skyrocketed, but is it “digital gold” or “fool’s gold?” Mickey Kim / June 4, 2021 Bitcoin was created in 2009 and is the largest (recently valued at more than $900 billion, the same as the market capitalization of Facebook and greater than 494 of the stocks that [...]
Mr. Spock would find today’s ‘SPAC-Mania’ totally illogical Mickey Kim / May 7, 2021 What do tennis great Serena Williams, NBA legend Shaquille O’Neal, former baseball superstar Alex Rodriguez, music icon Jay-Z and former House Speaker Paul Ryan have in common? All are the celebrity faces of one [...]
Bond investors facing Q1-2021 statement sticker shock Mickey Kim / April 7, 2021 The following is an excerpt from Kirr, Marbach & Co.’s first quarter client letter, available at here. Conventional investment wisdom is stocks are “risky” and bonds are “safe.” Owning stocks is exciting—you can make or [...]
