When the stock market booms like this we inevitably start getting questions about why we shouldn't be 100% stocks.1 More recently, the discussion has become even more concentrated as US stocks have outperformed international by [...]
Here are some things I think I am thinking about: 1) A Win for Assflation? My greatest contribution to the field of economics is my General Theory of Assflation. No, that's not a theory about [...]
Sorry for the brief hiatus. I've had my head down working on my new book which is due in a few weeks here. I am having a blast writing it which is either indicative of [...]
Trump's new Treasury Secretary, Scott Bessent has famously promoted his so-called 3-3-3 policy. Did you really think I wouldn't write a Three Things about three pronged policy agenda? In case you don't know about this [...]
Here is one thing I think I am thinking about three times. 1) The money supply as the cost of capital. In a recent interview MicroStrategy CEO Michael Saylor was criticizing Warren Buffett's cash management. [...]
Here are some things I think I am thinking about this weekend: 1) Is the USA Going BANKRUPT? I joined Ben Carlson and Duncan Hill last week to discuss the never-ending controversy over the US [...]
The baseline assumption from markets in the aftermath of the Trump victory is that the economy will be modestly more inflationary than otherwise expected. But what if the market has this one exactly wrong? What [...]
I was really humbled to be featured on the Excess Returns podcast in one of their big lessons episodes. In this episode they discuss the 8 big lessons they've learned from me over the years. [...]
Here are some things I think I am thinking about: Politics. What a mess of a topic. But thankfully, as a perfectly moderate pragmatic thinker who is invulnerable to biases (lol) I am here to [...]
In a few short days/hours there will be a new President of the United States. Between now and then and long after you will hear biased stories about how the world is going to be [...]