Author Archives: Rich Gluck

Man Plans, and God Laughs.

Der mentsh trakht un got lakht.  — Yiddish proverb Winston Churchill believed that he had limited time. His father, Lord Randolph Churchill, had died just shy of his 46th birthday. Sir Winston lived into his 91st year, smoking cigars and … Continue reading

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Does/Should the Fed Care About the Stock Market?

Once upon a time, in another millennium, I worked at the Federal Reserve Bank of New York. It was during the reign of Chairman Volcker, first of his name. One thing I did was prepare statistical packages for the officers … Continue reading

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Collecting Is Not Investing

When I was 17, on the cusp of driving age, I had dinner at a friend’s house. I remember this particular dinner because of the question his dad asked me. This friend’s family was wealthier than most of those I … Continue reading

Posted in Investing | 3 Comments

Procrastination Has Its Price

April is the cruelest month, keeping me inside doing taxes while I stare jealously at my friends’ Strava feeds detailing their adventures and the miles they’ve ridden. April is also the month that many inflict cruelty upon their future selves … Continue reading

Posted in Investing | 2 Comments

Jeopardy and Understanding Your Goals

On April 9, 2019 James Holzhauer broke the figurative bank on Jeopardy by winning $110,914 in one day. The previous one day record was $77,000. James did it by going after high value clues first, by seeking out the Daily … Continue reading

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Finance Is a Language

He walked quietly into the lecture room, tall, thin and pale. His suit hung loosely off his frame. He spoke softly: “This is 15.439, Problems in Finance. There is a list of 50 problems for this course. If we do … Continue reading

Posted in Asset Allocation, Bonds, Economics, Finance, Investing | 2 Comments

Hitting ‘Em Where They Ain’t

 “Keep your eye on the ball and hit ‘em where they ain’t”                                                          … Continue reading

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Portfolio Management: Cooking With Hamburger Helper

Betty Crocker introduced Hamburger Helper in 1971. You took chopped meat and mixed it with what, in essence, was filler to complete the meal. Much of active management works the same way.
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Posted in Equities, Investing, Volatility | Tagged , , | 1 Comment

Missing the Forest for the Trees

There is a tendency among market commentators to seize upon a data point and declare that hellfire and brimstone are about to come raining down. They blow things out of proportion. They see fire when they should be on the … Continue reading

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Posted in Consumer Credit, Credit | Tagged , | 1 Comment

Heads Up, I’m Now “The Market Cyclist”

I am now The Market Cyclist.  This blog will continue to feature posts on markets and investing. Afterall, Market is in the title (and markets do have cycles). I anticipate adding personal finance related content and other, non-finance related, content. … Continue reading

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