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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?”
Only Heels Can Be Heroes Redux
Sometimes, nothing more than timing.
On our thirty-seventh anniversary, it’s fitting to revisit the very first Carosa Commentary that appeared in the inaugural issue of The Sentinel.
This is in the same vein as “No Guts, No Glory.”
Essentially, Heels and Heroes are made of the same stuff. Only the outcome of their deeds is different (or at least viewed differently). Ultimately, the critical factor leading to the labeling of a man (or woman) may be nothing more than luck.Continue Reading “Only Heels Can Be Heroes Redux”