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Investment Outlook
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Aug 1, 20165 min read
Less Is More
Click here to view the pdf version. “Sharing a common outcome with large numbers of fellow citizens creates a mutually reinforcing social...
Jul 1, 20164 min read
Markets Are Driven By Emotions
Click here to view the pdf version. “The Only Thing That Is Constant Is Change.” - Heraclitus I plan on keeping this monthly outlook...
Jun 1, 20165 min read
The Name Of The Game Is To Make Money
Click here to view pdf version. “Common sense is not so common.” – Voltaire Life as an independent investment manager can be quite lonely...
May 1, 20165 min read
Happiness and Market Returns
Click here to view the pdf version. “I'm not in this world to live up to your expectations and you're not in this world to live up to...
Apr 1, 20165 min read
Rising Sun
Click here to view the pdf version. “Japan's very interesting. Some people think it copies things. I don't think that anymore. I think...
Mar 1, 20166 min read
Best Portfolio Insurance on the Market
Click here to view the pdf version. “By failing to prepare, you are preparing to fail.” - Benjamin Franklin Insurance is a funny thing....
Feb 1, 20166 min read
Get Comfortable, It’s Going to Remain Bumpy
Click here to view the pdf version. “If you can’t explain it simply, you don’t understand it well enough.” - Albert Einstein In 1984, the...
Jan 1, 20164 min read
Forecasting and the New Year
Click here to view the pdf version. “We have two classes of forecasters: Those who don’t know and those who don’t know they don’t know.”...
Dec 1, 20155 min read
Violence, Underperformance and Bubbles
Click here to view the pdf version. “Violence is the last refuge of the incompetent.” - Isaac Asimov The horrific and cowardly terrorist...
Nov 1, 20157 min read
November 2015
Click here to view the pdf version. “Whenever you find yourself on the side of the majority, it is time to pause and reflect."- Mark...
Oct 1, 20156 min read
October 2015
Click here to view the pdf version. “Nobody goes there anymore. It’s too crowded.” – Yogi Berra Growing up I was never mistaken for an...
Aug 1, 20156 min read
August 2015
Click here to view the pdf version. “Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed...
Jul 1, 20156 min read
July 2015
Click here to view the pdf version. “Words make you think. Music makes you feel. A song makes you feel a thought.” - E.Y. Harburg I came...
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