Martin Wolf has a fantastic new piece in the FT discussing some of the flaws in the thinking that has driven irrational fears around QE and hyperinflation in the last 5 years.
On Portfolio Differentiation
The latest from Howard Marks of Oaktree is as good as always. But I wanted to highlight something that I found particularly important – differentiation.
The Rise of the Secular Stagnationist
The Secular Stagnationists are growing in numbers. This breed of analyst and/or pundit is convinced that the world is doomed to low or negative growth. I don’t think they’re necessarily right.
This Statistic is Horrifying
After 5 years of de-leveraging it sure feels like things are better, right? The debt to income ratio has fallen from 1.15 to 0.9. Stocks are soaring. Corporate profits are [ … ]
Is the Reward of Entrepreneurship Still Worth the Risk?
Being an entrepreneur is hard….
Vanguard’s Principles for Investing Success
I really liked this white paper from Vanguard. It’s fairly basic, but it applies whether you’re a highly sophisticated trader or a more “passive” investor. The core of the philosophy:
Getting Bitcoin Wrong
Decentrlization is not Bitcoin’s greatest strength – in fact, it’s likely its greatest flaw.
Politics Doesn’t Make us Stupid – it Blinds us to Bias
The real problem in politics is not that it makes us stupid, but that we allow it to make us stupid.
The Lack of Business Investment Myth
There’s a myth in the current economic recovery that just won’t die. It’s this flawed idea that businesses aren’t investing, aren’t hiring and aren’t contributing at all to the recovery. This is not true.