Intoxicated with Pessimism
“Optimism sounds like a sales pitch. Pessimism sounds like someone is trying to help you.” – Morgan Housel, The Collaborative Fund Bill has financial freedom….
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Pure Portfolios’ April 2025 Market Commentary
Markets declined by ~13% in April before recovering to end the month nearly flat. This marked one of the largest intra-month reversals in market history. In our April market commentary, we examine the factors behind the volatility, performance of key...
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Avoiding Stupidity is Underrated
“All I want to know is where I’m going to die, so I’ll never go there.” – Charlie Munger, Berkshire Hathaway Let’s say you’re having…
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It’s Been Too Easy
“Expectation is the root of all heartache.” – William Shakespeare Under promise, over deliver. The universal mental shortcut for managing expectations. Set the bar low,…
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Retirement Simplicity is Beautiful
“Life is really simple, but we insist on making it complicated.” – Confucius, Chinese philosopher My morning inbox routine, delete, delete, delete… “Boom in Securities-Based…
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Not So Obvious
“Hindsight is 20/20.” – Richard Armour, American comedian What was unclear 12-18 months ago, looks clear as day now. I knew the market would come…
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Predicting Irrational Beasts
“We are emotional, irrational beasts who are emotional and irrational in predictable, pattern-filled ways.” – Chris Voss, author of Never Split the Difference. Stanley sold…
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Internal vs. External Focus
“Do not let what’s out of your control interfere with all the things you can control.” – John Wooden, legendary UCLA basketball coach. I have…
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The Difference Between Amateur and Professional Investors
“Amateurs believe that the world should work the way they want it to. Professionals realize that they have to work with the world as they…
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What the Treasury Market is Saying About Inflation
“Inflation is when you pay $15 for a $10 haircut you used to get for $5 when you had hair.” – Sam Ewing, retired professional…
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