“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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It’s Been Too Easy
Does it Still Make Sense to Own Bonds?
“Bonds as an asset class will always be needed, not just by insurance companies and pension funds, but by aging boomers.” – Bill Gross, retired founder of PIMCO It’s an 800-pound gorilla. The biggest asset class in the world (and...
read moreNot 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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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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Shrinking Life Cycle of an S&P 500 Company
“I’d rather be partly great than entirely useless.” – Neal Shusterman, American author & writer. Let’s face it, it’s fun to buy individual stocks. Maybe…
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The Best Predictor of Stock Returns is Amazingly Simple
“The price of equity is determined in the same way that the price of everything is determined – via forces of supply and demand.” Jesse…
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What’s in a Bear Market?
“I’m an optimist, both as a person and an investor. It’s a big mistake to be pessimistic as long as we have a viable civilization…
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Higher Capital Gains Tax and Stock Returns
“You watch…taxes are going to go up and the market will tank.” – I’ve been told this 5x in the past week. Well, that seems…
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