News of real interest.
“Reports that say that something hasn’t happened are always interesting to me, because as we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns—the ones we don’t know we don’t know. And if one looks throughout the history of our country and other …Read post
“If you keep facing in the right direction, all you need to do is keep on walking.” Buddhist saying
At the start of a new decade we are bombarded with a plethora of reviews and “best of” articles for the last ten years. Contemplating the investment results of the last ten years, it’s helpful to look back and remember the environment investors faced at the dawn of the last de…Read post
“We tolerate complexity by failing to understand it. That’s the illusion of understanding.” Steven Sloman and Philip Fernbach, The Knowledge Illusion, 2017.
“But today we have involved ourselves in a colossal muddle, having blundered in the control of a delicate machine, the working of which we do not understand. The result is that our possibilities of wealth may run to waste …Read post
For investors, it’s important to remember the “real” rate of return is critical. The “real” rate of return is often described as the “nominal” or stated rate of return minus the rate of inflation. Additionally, taxes decrease the net return from investing. In other words, if a portfolio is earning just enough to stay ahead of the general level of inflation and a portion of the …Read post