Pure Portfolios’ 2023 Client Letter
There’s an old parenting quip, “the days are long, but the years are short.” The saying can be attributed to parents of young children who…
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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...
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Pure Portfolios’ 2023 Reading List
“In my whole life, I have known no wise people who didn’t read all the time — none, zero. You’d be amazed at how much…
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Tis the Season for Wall Street Forecasting Pt. VII
“The need for certainty is the greatest disease the mind faces.” – Morgan Housel, from his new book, “Same as Ever.” The holiday season is…
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This is Why We Invest: Long-Term View on Markets
“Pessimists sound smart. Optimists make money.” It’s easy to get sucked into what could go wrong. In the digital age, if something is awry in…
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November 2023 Market Commentary
In Pure Portfolios’ November 2023 Market Commentary, Chief Investment Officer, Nik Schuurmans, covers the ‘Three Headed Monster’; the 10-year Treasury yield, oil prices, and the…
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Latte with Nik: If I Didn’t See It, I...
“The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.” – Seth Klarman, hedge…
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Wall Street is Bearish: That’s a Good Thing
“The best way to tell when a trend is going to reverse is when it fills up with a-holes.” – Jared Dillion, author It’s a…
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October 2023 Market Commentary
“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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The Fed Could be in the Bottom of the...
“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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