You Weren't Holding Nvidia: Hindsight Bias, Gold Fever, and Vanguard Tax Intracacies

Everyone in 2026 claims they would have had the stomach to hold Nvidia through the dot-com crash, but the data says otherwise. Today, we’re deconstructing the dangerous allure of hindsight bias, why high-volatility years make silver and gold look tempting to even the most disciplined investors, and why the 'simplest' portfolio—the Vanguard Total World Stock ETF (VT)—comes with tax intricacies that most Bogleheads (including me) overlook. Let’s get into the math.