Author Archives: Rich Gluck

Collecting Is Not Investing

Posted on May 31, 2019 by Rich Gluck

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

Posted on May 9, 2019 by Rich Gluck

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

Posted on April 16, 2019 by Rich Gluck

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 →

Posted in Goals, Investing, Planning | Tagged , , , | Leave a comment

Finance Is a Language

Posted on March 27, 2019 by Rich Gluck

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

Posted on March 19, 2019 by Rich Gluck

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

Posted in Asset Allocation, Bonds, Currency, Equities, Investing | Tagged , , , , | Leave a comment

Portfolio Management: Cooking With Hamburger Helper

Posted on March 7, 2019 by Rich Gluck

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

Posted on February 22, 2019 by Rich Gluck

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”

Posted on February 15, 2019 by Rich Gluck

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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Diversify When the Upside Is Limited

Posted on February 12, 2019 by Rich Gluck

While having lunch with a client recently, I asked about his attitude towards risk.  His half-joking response was that he would like high returns with no risk. I’ve heard similar sentiments echoed many times down the years. We all want … Continue reading →

Posted in Credit, High Yield, Investing | Tagged , , , | Leave a comment

Baseball and Stocks: Games of Failure

Posted on January 28, 2019 by Rich Gluck

Remember that the best hitter in baseball this year will fail 65 percent of the time. — George Will Mookie Betts hit .346 in 2018, failing 65.4% of the time.  Mr. Betts reached base more often than his batting average … Continue reading →

Posted in Equities, Investing | Tagged , , | 9 Comments