Monthly Archives: September 2016

Squaring the Low Expected Returns’ Circle: Part II

“Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.” – John Maynard Keynes In my previous blog, I showed the dismal expected returns for U.S. Treasury bonds and large-cap American stocks over the … Continue reading

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Squaring the Low Expected Returns’ Circle: Part I

“Face reality as it is, not as it was or as your wish it to be,” Jack Welch. Alright, Jack, let’s face some reality. Investment returns for your average American investor over the next 10 years or so are not … Continue reading

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Invert, Always Invert!*

The more that I learn about investing, the more I learn that investing is simply rediscovering commonsense lessons about everything in life through statistics. Here’s one a great lesson in how to think about a problem (any problem) by turning … Continue reading

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