What Does the P/E Ratio Tell You About Investor Expectations?

Price to earnings ratios are readily observable, but what can they tell us about a market or security?

Bernoulli’s Prisoner’s Dilemma: A Goals-Based Perspective

In 1738, the Swiss mathematician and physicist Daniel Bernoulli proposed a simple thought experiment: “A rich prisoner who possesses two thousand ducats but … More

How Much Can You Lose Before You’ve Lost Too Much?

I started my career in finance in 2007. For about a year I thought “this is great!” Then 2008 hit … More