Iconic investor John Templeton once famously said, “Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria." Last week, we talked about pessimism, skepticism and optimism; this week, let’s talk about euphoria.
Iconic investor John Templeton once famously said, "Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria." This nugget of wisdom continues to be measure for which market cycles are evaluated by many investors, including me.
One of my dear clients came in for her review earlier this week. We started the meeting off as we usually do, addressing any questions the client may have.
I’ve been following the Republican effort to reform the tax code being led by President Trump. As this plan has coagulated through the negotiation process it's morphed quite a bit from my original expectations. At this point, much of my hopes for true reform have diminished and I’ve become more focused on something else. The simple idea of it.
As an experienced investor, I have to admit I suffer from a bit of seasonal superstition. While I know that over the long term, there is very little data to validate some of these seasonal pre-dispositions sometimes bias does not bend to logic, and when it comes to seasonal pre-disposition, no month is as scary as October.
Well the wedding was wonderful and the bride was beautiful. Off she, now they, flew to the only part of the Caribbean not devastated by hurricanes this year, and it was over. All of us left behind breathed, I think for the first time in months, as we rested and decompressed.
Links of the Week: The Official Retirement of the Links of the Week Column (Unless Someone Steals It)
Well, it’s the end of an era: This will be the final Links of the Week you’ll ever read on the LIFE sites (... unless someone else takes the reigns. If they do, call them a copycat and know the OG will always look down on them). More importantly, however, it’s my last day working for Ideas in Motion Media (aka the LIFE sites).
Hooo boy, am I tired. Last night, the Chicago Cubs advanced to the National League Championship Series in a thrilling, 9-8 game that was exhilarating the entire time I watched. I tuned in during the sixth inning, roughly two hours after the game had begun, and more than two hours before the game was going to end.
I am on the search for new podcasts, and I want *you* to suggest a few new options.
I like listening to comedy podcasts, politics (left, right, and center!), sports (mostly NBA), and I like a couple business-minded shows like HBR Ideacast and Freakonomics. Over the past few weeks though, I’ve trimmed down my collection for the first time in years.
If you asked many people—particularly those from other areas of the state—where Indiana’s worst environmental problems exist, they’d probably say it would be in Northwest Indiana. But they just might be dead wrong. The data suggest that Northwest Indiana’s reputation for air and water pollution may be quite different from reality.