Investors should always be skeptical of someone selling something that has an incentive attached.
The torment from the gestalt of the 2020s could lead to stock market failure.
Understanding incentives is hugely valuable for investors.
While the designs and lifestyles around us are changing, the human experience is constant.
Many investors never find an investment discipline that provides them long-term stock ownership.
We as investors believe that the point is to win.
In 1720, the South Sea Bubble arose from what seemed to be good intentions.
We are looking to find great businesses that can be bought today that will benefit many years into the future.
The factor that sits between these two machines is competition.
To protect capital and grow our wealth, we must prepare for the cost of capital rising.