This could easily become a column on successful investing, but it’s not. It does, however, reflect a Noble Prize-winning concept that has propelled successful investors for more than half a century. It’s simple. I’ll explain it quickly.
Every investment option possesses two critical factors: risk and return. Scholars credit economist Harry Markowitz as the first to identify the correlation of risk and return. In his 1952 paper “Portfolio Selection,” Markowitz, the father of “Modern Portfolio Theory,” says low-risk investments can yield low returns and high-risk investments must yield high returns. The “can” and “must” refer to the price you should reasonably pay for the investment.
But this column isn’t about successful investing, it’s about life. Specifically, your life. More precisely, the choices you face in your life. Understanding the dichotomy between “low-Continue Reading “Should You Slap A Simple Single Or Swing For The Fences?”
We All Thrive When We Balance Between Healthy Competition and Community Harmony
We are built to compete. It makes us better. It makes our businesses better. It makes our nation better.
Think of the progress we’ve made as a country over almost two-and-a-half centuries. A theme of constant competition weaves throughout that history. The pioneers fought against nature. Early entrepreneurs vied for the same markets. Writers, artists, and other imagineers have confronted their own personal demons to produce outstanding work.
As author Nancy Pearcey said, “Competition is always a good thing. It forces us to do our best.”
Competition works because it drives us. So why do we see some bemoan it? Comedian Continue Reading “We All Thrive When We Balance Between Healthy Competition and Community Harmony”