Newsletters2025-01-04T07:54:08-05:00

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How to think like Charlie Munger

July 21, 2022 | Though we recommend listening to the speech here, we’ll discuss some of the major ones and how they can adversely affect our investing performance. As Nick Sleep said, understand these tendencies and then train yourself out of them.

Investors cutting exposure to Risk-on Assets

July 20, 2022 | Bank of America conducted a monthly fund manager survey of 259 participants with $722 billion under management. The survey shows investors have cut their exposure to risk assets to levels not seen since the Great Financial Crisis of 2008...

What’s Your Time Preference?

July 19, 2022 | In investing, you’ll often hear about individuals having a high or low time preference. What is this, and what do we mean by it?

BRRRR Real Estate Investing Breakdown

July 18, 2022 | Today, we’ll take a deeper dive into a few of the core metrics you need to know early on in the strategy that will increase your odds of success.

What three indicators say about the economy

July 15, 2022 | For insights into how things are going right now, we looked to one of our favorite investors from the great country of Italy, Alfonso Peccatiello. He discusses the three types of indicators he uses...

Stop thinking like the crowd

July 14, 2022 | If there’s any single takeaway we can all share from the past few months of financial market turbulence, it’s that investing is, in fact, not easy.

Maybe bear markets aren’t so scary?

July 13, 2022 | According to Nygren, over the last 77 years, there have been twelve bear markets in the U.S., including this current one. In those, the longest it took for a market to bottom after entering a bear market was two years...

Four Horsemen of the investing apocalypse

July 12, 2022 | There’s a lot of talk these days about whether the U.S., and much of the world, is in or about to enter a recession. The ins-and-outs of the business cycle are not always common knowledge, and in particular, we like the way that Cullen Roche thinks about it.

How to invest like Ray Dalio

July 11, 2022 | Have you ever wanted to build a supremely durable portfolio that can last the test of time, not just decades, but centuries? If you’re Ray Dalio, founder of Bridgewater, the world’s largest hedge fund, then the answer is yes, and he calls it the “All-Weather Portfolio.”

Crowded Trade

January 17, 2024 | In Bank of America’s surveys of investment fund managers since 2017, U.S. tech stocks (aka “Magnificent Seven”, big tech, Nasdaq, FAANG, etc.) have frequently been reported as the “most crowded trade” in markets.

Space Farming

January 16, 2024 | Our Chart of the Day (in the section above) shows that Chinese growth remains a top concern for the global economy.

MLK’s Call for Economic Justice

January 14, 2024 | Martin Luther King Jr. isn’t often remembered for his critically important, passionate message to redistribute wealth. But the Civil Rights leader urged political leaders and the community to end economic disparities, mitigate poverty, and improve education. He knew that to improve equality and foster peace, the economic and wealth systems had to improve, too — both for Black and white Americans.

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