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23 Aug 2023

Investing requires patience. Over the past 15 years, investors in these stocks navigated significant drawdowns before reaping substantial gains

The same principle might apply to bitcoin and some cryptocurrencies as well. Source: ycharts, Beth Kindig

23 Aug 2023

Investors learn the most by studying other investors' mistakes

Source: Brian Feroldi

23 Aug 2023

Bespokeinvest posted: "Here's one way to think about investing in equities and "buy and hold."

Casinos make money by making sure bettors eventually lose more often than they win. The stock market is the opposite. The longer you play, the better your odds. Historically, the odds of the S&P 500 being up over any one-month time frame have been 62.6%. Over a year, the odds of being up jump to 74.6%, and over eight years, they jump to 97%. Since 1928, all 16+ year time frames have seen positive returns. Check out this chart Bespokeinvest created to help people visualize this data a couple of years ago (updated through July 2023):

23 Aug 2023

Why this time is different (I know this is a dangerous sentence...)

Asset managers are very long 10-year futures, expecting yields to fall from here! This is a very different set-up than in 2007 when asset managers were expecting #yields to rise... Source: Bloomberg

21 Aug 2023

Higher real rates and an upward-trending dollar spell trouble for Gold, with ETF outflows and shrinking longs in the futures market underlining weaker investor appetite

The metal has fallen below the 200-day average, with both the 100-day and 50-day moving averages trending lower. And given gold’s propensity to trend, this is NOT a positive for Gold. However, a quiet season in the jewelry market should see some pick up as the Hindu festival of Diwali approaches in November. This event is associated with gold gifting, and kicks of a wedding season in India that also features strong demand. Source: Bloomberg

21 Aug 2023

Food for thought

Source: Brian Feroldi / Compounding Quality

21 Aug 2023

How all 3 Financial Statements Connect

by Josh YourCFOGuy

21 Aug 2023

Active vs. passive management

source: Brian Feroldi

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