There are points in time when producers have pricing power, and there are other times when they don’t. This concept is known as demand elasticity. If something has elastic demand, companies can’t...
Catastrophic thinking is when you believe that something terrible is always going to happen, like a divorce, a fatal illness, or devastating financial hardship. A lot of people suffer from it and are...
No stock is “safe,” but blue-chip stocks tend to be the safest. That’s why, if you go to a financial advisor, they’re likely to load you up on stocks found in the Dow Jones Industrial...
Fun fact: Most people in the finance business believe in crazy, ridiculous conspiracy theories. It’s astounding the type of stuff people believe in—like, for instance, that a shadowy government...
Financial Independence, Retire Early (FIRE) is a movement defined by frugality and extreme savings and investment. It’s also a dumb philosophy. Why? Because it is a perfectly normal human desire to...