Remembering Lesson No. 1

Things we forget are the things we need to remind ourselves.

Dear Fellow Expat:

In February 2000, my father put me on a plane to Chicago.

“If you’re going to college out there, you need to see what the winter is like,” he said.

So, I boarded, landed, arrived at my hotel, and then put on shorts.

A freak heatwave made it 70 degrees for three days. Piece of cake, I thought.

Ten months later, I was walking up Sheridan Road in Evanston, IL.

The snow somehow was rising as the wind blew and hit me in the face.

The wind chill was minus 35 Fahrenheit.

As the snow blows sideways here in Baltimore’s first winter storm of the season, I think back to four different times I lived in Chicago - and the lessons I learned academically, in life, and in finance.

The most important - 20 years since graduation - is hard to keep in mind.

Investors Keep Forgetting the Point

It doesn’t feel like it, but life is long.

So, why do so many investors hop in and out of stocks?

In what I consider to be the most stunning display of financial recklessness…

The average holding period for stoc…