Inflation increased in August, the highest since September 2005, with consumer prices rising at an annual rate of 20.52%. Rising costs for housing, food, and airfares were among the biggest contributors to that key gauge of inflation. The typical Nigerian family is spending a lot more per month on goods and services than a year…
Here’s something that’s important but easy to ignore about money: A lot of financial debates are just people with different time horizons talking over each other. This is especially true when the economy is in upheaval like it is now. It’s critical to remember… … what you want might not be what I want. Your…
This is, by some measures, the worst start of a year in the stock market since the Great Depression. A big index like the S&P 500 is down ~20%, which is bad but not unprecedented. Plenty of tech stocks are down 50%-80%, which is calamitous. A few things stick out in my mind to keep it…
Explaining bear and bull markets What does the phrase “bear market” signify, which you’ve obviously heard a lot lately? “Bear market” has been in the news lately. But what does it mean? What distinguishes it from a Bull market? And what concerns animals in any of these? Let’s start with definitions: Bear market: Declining prices….
As explained by Morgan Housel Dwight Eisenhower liked to say that Napoleon’s definition of a military genius was “the man who can do the average thing when all those around him are going crazy.” It’s the same in investing — especially as markets get wild, as they’ve been in recent weeks. Doing well over time doesn’t require exceptional…
