We don’t succeed in business or investing by falling in love with our own ideas. We profit through continuously and doggedly comparing our prior...
Brooks Mendell, Ph.D.
One reliable way to underperform as an investor is to buy assets or stocks at the top of the market. What gets priced up ultimately falls, adjusts or...
Early in my wood procurement career, my friend and timber buyer Fred Voyles taught me that, as a forester buying logs for a mill, to really learn and...
October 2018 brought with it tremendous volatility and uncertainty in the financial – and even timber – markets.
This article builds on "A Framework for Changes that Could Disrupt the Forest Industry", my previous LANDTHINK post that introduced a simple approach...
World events and shifting markets increase our awareness and interest in the broader range of disruptions potentially relevant to forestry.
Diversification is a risk reduction strategy illustrated in the idiom “don’t put all your eggs in one basket.” This implies we risk everything by...
My older daughter* likes to tell the following joke: “Why did the banker quit his job?” “Because he lost interest.”
We often expect housing and lumber and timber markets to interact and behave in certain ways. However, these expectations have nothing to do with...
To change a system or improve a process or understand a market, you must understand how it works. And part of this requires understanding...