When I was in my teens and twenties, I always thought the world was unfair.
How can the world be fair if the rich get richer and the poor get poorer?
Enter: The Matthew Effect.
The Matthew Effect, also known as the principle of accumulated advantage, is not only a platitude; it’s a scientifically recognized phenomenon that has been studied by sociologists and economists.
In the world of investing, it’s often tempting to think that there’s some secret formula or insider knowledge that separates successful investors from the rest. This is where looking at legendary investors can help. If you look at the wisdom shared by some of the most […]
When I was in college, I worked as a mutual funds advisor. This was in 2007, before the financial crisis that took place the next year. I thought I was an investing genius because almost every client I talked to invested with me. So I […]
Stock market volatility has been elevated since late 2021. Being among the stock investors who’ve gone through the market’s ups and downs, I can remember how things started. It was the day after Thanksgiving. Tech stocks began to dive hard, with many of the stocks […]