Current situation Diversification works – until it doesn’t 21 Mar 202021 Mar 2020 Diversification has been called the only free lunch in investing. It is a way to reduce your risk for the same return. And during most times in history that has…
Current situation Helicopter money 19 Mar 202019 Mar 2020 Years ago Milton Friedman coined the term "Helicopter Drop". This was made famous by Ben Bernanke in a November 2002 speech, and earned him the name "Helicopter Ben". “Let us…
Current situation Imperial College COVID-19 study 19 Mar 202019 Mar 2020 The latest report on COVID-19 projections was published this week by the Imperial College of London. You can read it at this link: https://www.imperial.ac.uk/media/imperial-college/medicine/sph/ide/gida-fellowships/Imperial-College-COVID19-NPI-modelling-16-03-2020.pdf As expected it is not good…
Current situation Making history 17 Mar 2020 We often think of history as a series of continuous and incremental steps that get us from where we were to where we are. To some extent that is true,…
Current situation New post from Ray Dalio 16 Mar 202016 Mar 2020 Ray Dalio just posted his thoughts on the Fed hitting the 0% interest rate floor which was announced yesterday. You can read it at: https://www.linkedin.com/pulse/implications-hitting-hard-0-interest-rate-floor-ray-dalio One thing that stood out…
Current situation How low will it go? 12 Mar 202012 Mar 2020 As I write this the S&P 500 is down almost 25% from its peak closing value on February 19, 2020. It is down 7.6% so far today. If you look…