Writing


Are You Investing or Merely Speculating?

“Whether you’re excited or nervous when your favorite asset falls in price marks whether you’re investing or merely speculating.” – Naval Ravikant (Founder of AngelList) Are you investing or merely speculating? Naval Ravikant had an interesting take on this most important of questions. The deciding factor: whether you’re “excited” or “nervous” to see your investment going […]

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7-Chart Sunday (1/23/22)

NOTE: Register Here for our upcoming webinar (January 26) on the high growth crash, the end of easy money, and the changing market environment in 2022. — This week’s post is sponsored by YCharts. Mention Compound to receive 20% off your subscription when you initially sign up for the service. Enabling smarter investment decisions & better client communications. — 7 charts from the […]

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7-Chart Monday (1/17/22)

Register Here for our upcoming webinar covering the most important charts and themes from 2021 and the changing market environment in 2022. This week’s post is sponsored by YCharts. Mention Compound to receive 20% off your subscription when you initially sign up for the service. Enabling smarter investment decisions & better client communications. 7 charts from the past week that tell […]

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8 to 80 Monthly Update – December 2021

A monthly update of the Compound 8 to 80 Portfolio… Performance Review and Market Environment The 8 to 80 Portfolio declined 2.22% (net of fees) in December. December was another challenging month in what has been a difficult year for stock picking, particularly among high growth names. Many of the market leaders from 2020 posted substantial declines in 2021. […]

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7-Chart Sunday (1/9/22)

Sign up here for our weekly newsletter. This week’s post is sponsored by YCharts. Mention Compound to receive 20% off your subscription when you initially sign up for the service. Enabling smarter investment decisions & better client communications. 7 charts from the past week that tell an interesting story in markets and investing… 1) First to $3 Trillion The new year started […]

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2021: The Year in Charts

Here are the charts and themes that tell the story of 2021… I. The Free Money Effect In the first few months of 2021, hundreds of millions of Americans (the vast majority whom had never lost a job during the pandemic) received two more tax-free stimulus checks, setting the stage for one of the greatest […]

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29 Trillion and a Change in the American Psyche

US National Debt has crossed above $29 trillion for the first time, increasing $6 trillion over the last two years. As a percentage of economic output (GDP), our national debt has steadily increased over the past 40 years from 31% in 1980 to 126% today… Why is the ratio going up? Simply put: we have […]

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Betting Against Buffett

If you’re going to bet against Warren Buffett, you better have the odds tilted in your favor. Back in January 2008, Buffett wagered $318,250 that an S&P 500 index fund would beat a hedge fund portfolio (five fund-of-funds chosen by Protégé Partners which invested in over 200 hedge funds) over the next ten years. The […]

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7-Chart Sunday (12/26/21)

Sign up here for our weekly newsletter. This week’s post is sponsored by YCharts. Mention Compound to receive 20% off your subscription when you initially sign up for the service. Enabling smarter investment decisions & better client communications. 7 charts from the past week that tell an interesting story in markets and investing… 1) Hello $29 Trillion The US National Debt […]

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7-Chart Sunday (12/19/21)

This week’s post is sponsored by YCharts. Mention Compound to receive 20% off your subscription when you initially sign up for the service. Enabling smarter investment decisions & better client communications. 7 charts from the past week that tell an interesting story in markets and investing… 1) The Beginning of the End of Easy Money The FOMC meeting this week went […]

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6-Chart Saturday (12/11/21)

This week’s post is sponsored by YCharts. Mention Compound to receive 20% off your subscription when you initially sign up for the service. Enabling smarter investment decisions & better client communications. 5 charts from the past week that tell an interesting story in markets and investing… 1) Behind the Curve The US Inflation rate moved up to 6.8% in November, its […]

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8 to 80 Monthly Update – November 2021

A monthly update of the Compound 8 to 80 Portfolio… Performance Review and Market Environment The 8 to 80 Portfolio declined 6.77% (net of fees) in November. November was another difficult month in what has been a difficult year for stock picking (see our recent post here). The major indices continue to mask significant weakness underneath the market, particularly […]

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7-Chart Sunday (12/5/21)

This week’s post is sponsored by YCharts. Mention Compound to receive 20% off your subscription when you initially sign up for the service. Enabling smarter investment decisions & better client communications. 7 charts from the past week that tell an interesting story in markets and investing… 1) The Jobs Comeback Continues 22.4 million jobs were lost in March and April of 2020 […]

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The Other Side of a Mania

“As Ben Graham said: ‘In the short-run, the market is a voting machine – reflecting a voter-registration test that requires only money, not intelligence or emotional stability – but in the long-run, the market is a weighing machine.’” – Warren Buffett (1993 Berkshire Hathaway Letter) Over the last year we’ve seen a rolling series of […]

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7-Chart Sunday (11/28/21)

If you missed our November markets webinar, click here for the replay. This week’s post is sponsored by YCharts. Mention Compound to receive 20% off your subscription when you initially sign up for the service. Enabling smarter investment decisions & better client communications. 7 charts from the past week that tell an interesting story in markets and investing… 1) Volatility Returns The […]

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How to Avoid Another Lost Decade

US equity valuations are high. How high? The CAPE Ratio on the S&P 500 just crossed above 40. When was last time we saw a CAPE ratio above 40? September 2000. What happened after that? The “lost decade” for investors. The S&P 500 declined 15% over the next 10 years, with two significant drawdowns in […]

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The Stock Picker’s Bear Market

Bezos. Gates. Buffett. Zuckerberg. Musk. A list of the wealthiest Americans all have one thing in common: concentrated positions in a single company’s stock that they founded. It’s tempting to believe that is the model you should follow in your own investment portfolio, but for most, that would be a mistake. Why? Because the odds […]

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7-Chart Sunday (11/21/21)

Webinar Replay: If you missed this week’s markets webinar, click here for the replay. This week’s post is sponsored by YCharts. Mention Compound to receive 20% off your subscription when you initially sign up for the service. Enabling smarter investment decisions & better client communications. 7 charts from the past week that tell an interesting story in markets and investing… 1) […]

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Investors Are Behaving as if the Future Has Already Happened

Rivian ($RIVN) went public last week in one of the largest IPOs ever, raising $12 billion and ending its first day of trading at a market cap of $87 billion. Only a week later, its market cap has surged to $149 billion, higher than both General Motors ($GM) and Ford ($F). Why is that surprising? […]

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Tuesday Trends (11/16/21)

Don’t miss our latest insights. Sign up here for our free newsletter… The most important trends in markets and investing… 1) Equities a) US vs. World ($SPY/$ACWX) US equity relative strength is at new highs. The S&P 500 has gained 27% in 2021 versus 10% for the world ex US ($ACWX). b) US vs. Emerging Markets […]

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The Stock Market Is Not the Economy

US economic growth contracted 2.3% in 2020, the worst year for the economy since 2008. Did that hurt the stock market? Not at all. The S&P 500 gained 18%, well above its historical average return of 10%. 2020 wasn’t the first time we’ve seen a higher stock market in spite of an economic downturn. The […]

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7-Chart Sunday (11/14/21)

Webinar Sign Up: –Click here to register for our November Charts Webinar (11/18 @ 2pm EST) This week’s post is sponsored by YCharts. Mention Compound to receive 20% off your subscription when you initially sign up for the service. Enabling smarter investment decisions & better client communications. 7 charts from the past week that tell an interesting story in markets and […]

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The Inflationary Spiral

What do Amazon, Walmart, Costco, Bank of America, McDonald’s, and Starbucks have in common? They’re all among the largest US employers and they’ve all raised wages in the last year. Overall, average hourly earnings in the U.S. are up 4.9% in the last 12 months and 9.6% over the last 24 months. This is significantly […]

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How to Invest Without Knowing the Future

It’s that time of year again. Endless predictions and price targets about where the markets are headed in 2022: -The S&P 500 is going to ___. -The 10-year treasury yield is going to ___. -Crude Oil is going to ___. -Bitcoin is going to ___. There’s a huge audience for this type of content, but […]

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7-Chart Sunday (11/7/21)

Notes: –Click here for a replay of our October Webinar –Click here to register for our November Webinar — This week’s post is sponsored by YCharts. Mention Compound to receive 20% off your subscription when you initially sign up for the service. Enabling smarter investment decisions & better client communications. 7 charts from the past week that tell an interesting story […]

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