I read a lot of financial Twitter (lately even football Twitter. The real one. The one played with…you guess…feet, not hands). Most of it is noise. Some of it is signal. And occasionally, you see Read more
A reader hit me up last week about something that triggered my BS detector: MSCI built a “Private Equity replicator” index, and Goldman Sachs wrapped it in an ETF, ticker GTPE. Here we go again, Read more
Almost two years ago, I wrote about why diversification isn’t a free lunch. Now, I’m watching everyone pile into gold, and I need to say something. Me that four years ago, inspired by PortfolioCharts, wrote Read more
A very kind reader sent me the link to a paper aimed to show the wonders this portfolio: The portfolio for the apocalypse 😉 Simple and systematic. While there isn’t much to say about the Read more
When I started my career, my company sent a PDF to a bank. That PDF essentially said, “This person is trustworthy.” The next day, I picked up the phone and called someone I’d never met Read more
“How much income can I count on from my retirement savings?” With traditional pensions, defined benefit plans, becoming as rare as a good plumber, most of us are stuck figuring this out on our own. Read more
In April 2022, I introduced on this blog The Italian Leather Sofa Model Portfolio. As a reminder, here is the portfolio composition: The idea behind the portfolio is stolen from here. The link offers the best Read more
On social media, I read many critiques of managed futures strategies…also from people I consider intelligent. These posts got me thinking about a fundamental tension in investing: some of the strategies that work best mathematically Read more
Here’s what frustrates me about personal financial discourse: lads obsess over the flashy stuff while ignoring the issues that actually matter. Take this post, for example. It highlights a problem that should have everyone paying Read more