Portfolio on 11.30.21

If you’ve been paying attention, the last three trading days have been interesting to say the least. Volatility is popping in all assets. Correlations are flipping more negative. The portfolio was fairly focused in stocks for November, which was nice as stocks had been doing well and bonds and gold not so much. But that…

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Lies, Damn Lies, and Investment Statistics

Investment statistics often lie. Sometimes they lie purposefully. Sometimes they lie unintentionally. I’ve looked at lots of investment statistics through the years, and I’ve come to distrust many published numbers. It’s too easy to game them. Even when honest, they don’t cleanly compare between strategies. Either way, to successfully evaluate an investment, you need to…

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