“This is the single worst time to be a passive investor since they started passive investments. The S&P 500 index is highly likely to not…
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No Such Thing as Passive Investing
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 moreSpectacular Implosion
“How did you go bankrupt?” “Two ways. Gradually, then suddenly.” – Ernest Hemingway, The Sun Also Rises. It takes talent to lose $8 billion dollars…
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The Identity Leak
“Keep your identity small.” – Paul Graham, famous investor. I was an average high school basketball player. Good enough to get on the court, but…
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Not Buying What the Fed is Selling
The Fed was on autopilot. Its forward guidance made clear that market participants could set their watches to four interest rate hikes in 2018. That’s…
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The New Age Investor
“Behind the recent surge in retail investing is a younger, often new-to-investing, and aggressive cohort not afraid to employ leverage.” Deutsche Bank strategists Jim Reid…
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Beating the Bubble Horse
“I’m just waiting for the bubble to pop.” – Anonymous potential client Have you ever met the type that thinks everything is in a bubble?…
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Perspective on Rising Bond Yields
“Bonds are dead.” – Warren Buffett via CNBC The recent uptick in yields has the reignited the “bonds will get crushed” angry mob. We can…
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Bitcoin, What Of It?
“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase…
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Investing at All-Time Highs
In the early years of the smartphone, it was quite common to carry a personal cell and a work cell. Eventually, we wised up at…
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