Everyone Works Part Time Now

Or not. The Big Picture is an interesting finance blog. I don’t agree with it all the time, but the advice on avoiding selection bias and other common investing fallacies is very good.

From today’s blog on investment strategy regarding Obamacare:

Since I have repeated myself so many times, perhaps I should try phrasing this somewhat differently: You better really, really enjoy your partisan politics & Fox News, because it is an incredibly expensive hobby if you are an investor.