Friedrich Nietzsche's doctrine of eternal recurrence is the idea that time repeats itself in an eternal loop.1 It's interesting in the context of economic growth as we tend to think of economic growth across "cycles" [...]
If I had to distill our macro view into a single chart it would be this - house prices vs rents. COVID created an incredible disequilibrium in the housing market where house prices surged 40%+ [...]
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Cullen was on TD Ameritrade network (link here) discussing the interesting dynamics at work at this stage in the economic cycle. The interview includes thoughts on: Classic late stage credit booms How housing is being [...]
A COMMON SENSE APPROACH TO LOW FEE INDEXING Everyone has short, medium and long-term expenses. The problem with investing is that these time horizons involve uncertainty because we do not know the time horizons over [...]
We founded the concept of Countercyclical Indexing by answering some simple questions: Is a “balanced index” like a 60/40 stock/bond portfolio actually balanced? Does it make sense to rebalance back to a fixed weight allocation [...]
https://www.youtube.com/embed/X_cc7tUOz_c
If you start with the following book, white paper and videos you’ll have a very solid starting point for understanding money: Pragmatic Capitalism – What Every Investor Needs to Know About Money and Finance (the [...]