It’s not uncommon that we see a headline such as: “Elon Musk made $36 billion dollars in yesterday’s Tesla surge.” The grammar of such a statement leads us to believe that the profits of Tesla were so substantial that Elon Musk was given a check for $36 billion. However, that’s not really the case. While $36 billion is an incomprehensible …

Risk in the investment world doesn’t actually translate to the common meaning of the word “risk.” When I tell you that an investment is “high risk,” your first thought is probably that it means there’s a high chance of losing money or losing the entire investment. That could be the case, but in investment professional parlance, “risk” more typically refers …

The old adage goes “you get what you pay for,” but I’m personally taken with a more realistic version from Hearn’s laws that goes: “You always pay for what you get. If you are lucky, you will get what you pay for.” Truly, this is the stuff of common sense, yet people often expect a French Bistro experience on a …

In the financial services industry, there are lemons. A lot of lemons. In fact, I’d go so far as to argue that the majority of financial products are lemons, and in turn, that most of the people producing and selling those lemons, know that they are lemons. In fact, the presence of lemons in a marketplace can be so significant …