Learn the why. Not just the what.
Investing fundamentals, market logic, and the discipline behind good decisions.
Market Timing: What the Data Actually Shows
The empirical record of market timing efforts by retail and professional investors alike is unambiguous — most timing efforts underperform simple buy-and-hold strategies. Understanding the specific reasons is essential to any investor tempted by the practice.
Buy-and-Hold: The Underrated Discipline
Buy-and-hold is treated as a beginner strategy in most retail commentary. The empirical evidence suggests it consistently outperforms more active alternatives — not because it is sophisticated but because it avoids the mistakes active alternatives introduce.
Risk Parity: Balancing Risk, Not Capital
An inside look at risk parity investing, a structural approach that allocates by volatility contribution rather than dollar amounts.
Dollar-Cost Averaging: What It Solves, What It Doesn't
Dollar-cost averaging is one of the most-praised strategies in retail investing. The mathematics say something more nuanced — DCA solves a specific set of behavioural problems and produces a specific set of trade-offs.
Low Volatility Investing: Calm as a Strategy
An overview of low volatility investing, the market anomaly behind it, its historical record, and the patience it demands from long-term investors.
Global Macro Investing and the Big Picture
An overview of global macro investing, its top-down instruments, historical record, and the discipline required to trade economic cycles across borders.
Dividend Growth Investing: Compounding Cash Flow
Dividend growth investing is not a yield strategy. It is a specific bet on the compounding of a company's ability to raise its dividend over many years — a discipline with a specific character and a specific set of trade-offs.
Sector Rotation Investing and the Business Cycle
An examination of sector rotation investing — its grounding in the business cycle, its historical record, and the discipline required to apply it.
Growth Investing: When Multiple Expansion Matters
Growth investing is not just about buying fast-growing companies. It is about a specific bet on the durability of that growth and the multiple the market will pay for it.
Event-Driven Investing and Corporate Catalysts
A look at how event-driven investing turns mergers, spin-offs, and restructurings into a distinct, catalyst-based approach to markets.
Value Investing in Modern Markets
Graham's margin-of-safety framework is the oldest disciplined approach to equity investing. Its record in the 2010s and 2020s has raised legitimate questions about whether it still works — and if so, how.
Momentum Investing: Why Strength Tends to Persist
The single most robust anomaly in the academic finance literature is that recent winners keep winning, on average, over horizons of a few months to a year. Understanding why matters more than the pattern itself.
Day Trading vs Swing Trading vs Position Trading
The same market accommodates three very different time-frames. Each requires a different skill, a different psychology, and produces a different pattern of returns.
Quality Investing: Why Durable Businesses Compound
Ask what makes a business good, and whether goodness can be trusted to last, and you have the entire quality investing thesis in one deceptively simple question.
Momentum Investing: Riding Strength Without Chasing Noise
Momentum rests on an uncomfortable observation: assets that have performed well recently have often kept performing well, for reasons nobody can fully explain.
Index Investing: The Case for Owning Everything
Index investing starts with an admission most investors find hard to make: picking the winners ahead of time is far harder than just owning all of them.
Factor Investing: The Building Blocks Behind the Styles
Strip away the labels of value, growth, and momentum, and what's left is a colder, more measurable way of asking the same questions.
Dollar-Cost Averaging: Turning Time Into an Edge
Investing a fixed sum at regular intervals sounds almost too plain to count as a strategy. Its power lies not in what it achieves but in what it prevents.
Core-Satellite: Structuring a Portfolio Around Conviction
Core-satellite lets you hold two contradictory impulses at once: the discipline to own the market broadly and cheaply, and the itch to bet on what you actually believe.
Contrarian Investing: The Discipline of Standing Apart
The contrarian doesn't disagree with the crowd for the pleasure of disagreeing. They disagree because the crowd, at moments of extremity, has demonstrably been wrong before.
Buy-and-Hold: The Underrated Power of Doing Less
Buy-and-hold sounds trivial until you try it: the whole method rests on doing the one thing investors are worst at, which is nothing.
Dividend Investing: Income as a Discipline
Dividend investing centers on companies that return cash to shareholders regularly. Its appeal is steadiness and evidence of financial health, tempered by the risk of chasing yield for its own sake.
Growth at a Reasonable Price: The Middle Path
Growth at a reasonable price seeks companies that are genuinely expanding but not priced as if their expansion were guaranteed. It is a blended discipline that demands judgment on two fronts at once.
Growth Investing: Paying Up for the Future
Growth investing pays a premium today for the expectation of rapid future expansion. Its rewards can be substantial, and so is the cost of being wrong about the future.