
“Valuation changes rewarding cheap stocks and punishing expensive ones is one of the most powerfully recurring features of global equity markets.” – Dan Rasmussen, The…
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“Valuation changes rewarding cheap stocks and punishing expensive ones is one of the most powerfully recurring features of global equity markets.” – Dan Rasmussen, The…
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“Our obsession with being informed makes it hard to think long-term. We spend hours consuming news because we want to be informed. The problem is,…
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“Bonds as an asset class will always be needed, not just by insurance companies and pension funds, but by aging boomers.” – Bill Gross, retired…
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“Interest rates go up and down, stock markets boom and bust, but human psychology never changes. I believe that studying how people think about and…
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“The higher returns to quantitative investing accrue from the abnormally bad behavior of humans at times of crisis.” – Dan Rasmussen, author of The Humble…
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“In investing and life, you will make better decisions if you assume you are wrong and try your best to prove it by finding the…
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“Tariffs are a tax on business that get eaten by the consumer.” – Cullen Roche, Pragmatic Capitalism We won’t pretend the headline risk of tariff…
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“My most important discovery—a finding that changed the course of my career—is that the future is far less predictable than most investors think. The best…
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“Most people make their investment decisions on the basis of an unreliable hodgepodge of half-baked logic, biases, hunches, emotion, and vague fantasies or fears about…
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