Sh... Er... Stuff the Market (and My Daughter) Says...

Remember one thing: What is the purpose of a market? Once you know that... you're on your way to investing and trading success.

Dear Fellow Expat:

My daughter, Amelia, was a tour-de-force in her first soccer practice.

She hadn’t played organized soccer before but was the tallest and fastest on her team.

We didn’t expect this. The kid can run.

She can dribble. She just didn’t understand the rules and the game itself.

Way to go, Dad.

This week, I talked about kids in soccer packs (and how it relates to markets).

Post-practice, she said something on the way to bed that caught my attention.

“Can I steal the ball from the other kids?” she asked as she brushed her teeth.

“Yes,” my wife said. “That’s the point. When you play defense, you want to try to take the ball away.”

“Oh… I didn’t know I could steal the ball,” she said, rolling her eyes at herself.

Watch out, Lutherville Rec-Soccer League. She’s coming…

Someone learned how to play defense.

Let’s talk about why this simple lesson matters to investors like us…

The Point of Soccer… and The Markets

I was a goalie in soccer and lacrosse.

I take a very defensive-minded approa…