Observation One of the most common starting points in investing is allocation. How much should go to stocks.How much should go to bonds.How much should stay in cash. This feels logical because allocation looks like structure. Percentages create the impression that something important has already been designed. And for many investors, that becomes the first … Read more

Observation What do the following words all have in common? Diet.Team.Health.Strategy.Education. They’re all common words people use every day. But they share something more interesting in common. Each one quietly refers to two different things. A diet can mean a temporary eating plan.Or it can mean the total pattern of what someone eats over time. … Read more