
The Velocity of Money: How Smart Investors Recycle Capital While Everyone Else Lets It Sit
Most physicians think about money the way they think about blood volume. There is a finite amount. You conserve it. You do not waste it.
Vernonville

Most physicians think about money the way they think about blood volume. There is a finite amount. You conserve it. You do not waste it.

A plumber builds a plumbing company. When he retires, his son takes over the business. The trucks, the client list, the contracts, the brand, the

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Let me describe two physicians. Same specialty. Same income. Same number of years in practice. Both are disciplined. Both are smart. Both did what they

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A colleague of mine—let’s call him David—came to me last year, visibly shaken. At 54, he’d just watched $340,000 evaporate from his portfolio in a

Behavioral finance combines psychology with finance to understand how human behavior influences investment decisions—and why smart people often make poor financial choices. At its core,