Last week I included some thoughts from Morgan Housel. I wanted to do the same thing this week as I think this excerpt from his book is valuable to think about given our current environment. It can be very easy to have a negative attitude and let pessimism run wild especially in this politically charged…
I am currently reading The Psychology of Money: Timeless lessons on wealth, greed, and happiness by Morgan Housel. The idea for the book came from a long form blog post written in 2018. I highly recommend the book. I wanted to share a few insights from the original blog post that I thought were worth…
Now that both the DNC and RNC have finished their conventions, we wanted to discuss the election once again. I have written two in depth articles talking about the election and potential implications. As is human nature, the questions and concerns have kept coming anyway. One of our research inputs Andrew Adams of Saut Strategy…
We have the matchup for the 2020 Election with Joe Biden selecting Kamala Harris as the Democratic nominee for Vice President. The emails and calls have kept coming in with regards to what we will do if one candidate or the other wins. I wrote a detailed email on June 29th discussing the historical performance…
An investor can buy the SPY Exchange Traded Fund (ETF) and get broad exposure to the 500 largest companies in the United States at a very low cost. State street offers the (SPY) with an expense ratio of 0.0945%. Vanguard offers the (VOO) for an expense ratio of 0.03%. Today, the top 5 companies in…
Benjamin Graham and Charley Ellis once had a conversation about the dangers of speculation that was described by Robert Hasgstrom in his book The Last Liberal Art: “The problem with our industry, Graham insisted, is not speculation per se; speculation has always been part of the market and always will be. Our failure as professionals,…
