“The era of optimism dies in a crisis, but in the dying it gives birth to an era of pessimism.” – Arthur Cecil Piguo, British…
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October 2023 Market Commentary
What Are Reasonable Return Expectations?
“Reality will pay you back in equal proportion to your delusion.” - Will Smith, actor & musician Stanley Druckenmiller is one of the most successful investors of his generation. During his time running Duquesne Capital (1981 – 2010), he never...
read moreThe Fed Could be in the Bottom of the 9th
“We believe we are in a new era for fixed income in which bonds offer significantly more value.” – Vanguard on the attractiveness of fixed…
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The Recession that Never Came
“It’s the economy, stupid.” – James Carville, political analyst Go back to any point in 2022. You’re likely to find thousands of headlines that look…
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The Investor Mindset: Fixed vs. Growth
“Self-control is a key to investing success, but so is fending off self-delusion.” – Jason Zweig, Wall Street Journal & financial author I tend to…
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When Safe Assets Become Risky
“There is no such thing as a riskless hedge against inflation.” – Edgar Fiedler, economist and former U.S. Assistant Secretary of the Treasury for Economic…
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September 2023 Market Commentary
“If I depended on economic forecasts, I don’t think we’d make any money.” – Warren Buffett, Berkshire Hathaway In Pure Portfolios’ September 2023 Market Commentary,…
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Starting Yield and Future Bond Returns
“Remember how excited people were about bonds when rates were under 1%? You see how bearish people are about bonds today, with yields at 4.5?”…
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Hot 2024 Presidential Election Talk
“If you mix your politics with your investment decisions, you’re making a big mistake.” – Warren Buffett, Berkshire Hathaway Benjamin Franklin famously stated, “Nothing is…
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Past Performance and Investment Decisions
“My investment plan was built with the assumption that I would experience a number of both bull and bear markets over the years.” – Ben…
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