“The world changes. This is the biggest problem in markets.” – Bill Miller, former chairmen of Legg Mason Capital Management T. Rowe Price, founder of…
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Markets After Major Geopolitical Events
Recession Signals that are Flashing Red
“There are decades when nothing happens, and weeks when decades happen.” – Uday Kotak, founder of Kotak Mahindra Bank The gap between how people are feeling about the economy and what’s happening is bigger than the Grand Canyon. The soft...
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“I didn’t learn anything. I already knew I wasn’t supposed to do that.” – Stanley Drunkenmiller, after losing $3 billion dollars on tech stocks. The…
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Can the Market Predict the Next President?
“If you mix your politics with your investment decisions, you’re making a big mistake.” – Warren Buffett, Berkshire Hathaway It is not a secret 2024…
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Estimating Future Equity Returns
“We deceive ourselves when we believe that past stock market return patterns provide the bounds by which we can predict the future.” – John Bogle,…
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Is There Such a Thing as “Safe” Stocks?
“People want to believe that this time is different, that there’s something new under the sun, and through their own ingenuity they can wish risk…
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Bitcoin: Understanding the Digital Asset
“You can’t stop things like Bitcoin. It will be everywhere, and the world will have to re-adjust. World governments will have to re-adjust.” —John McAfee,…
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Cash is Not a Long-term Investment
“In investing, what is comfortable is rarely profitable.” – Robert Arnott, founder of Research Affiliates Cash is comfortable. It’s also finally producing some interest income…
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The Why in Diversify
“Diversification means always have to say you’re sorry.” – Brian Portnoy, founder of Shaping Wealth “Why do we own these bond ETFs? They haven’t done…
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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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