For the, it feels like, 1000th time. It is not a surprising result that the higher expected return / vol asset outperforms over time. But we are (literally 3rd day of finance class) supposed to separate out how much risk to take from what’s the best portfolio in which to take it. A 90/10 portfolio has a decently lower Sharpe-ratio than 60/40 and even more so vs risk balanced stocks and bonds. Leverage is a danger but modest leverage can be less of a danger than concentration and worth it for a higher Sharpe at the same risk level. And the theory has long-term worked.
After seven years of depression and trying everything possible, I realized there is NO MAGIC PILL. I could not find a single podcast that talked honestly about what it actually feels like to struggle. So I built it.
No Magic Pill launches on 5/5, with Matthew McConaughey and Michael Pollan as my first two guests, and if you are stuck, anxious, or just trying to feel better, this one is for you.
Link in bio to subscribe.
@OhDear_Friend Men are meant to suffer based on the enormous responsibility we have as the family leader. Accept that and move on with taking care of business...nobody really cares.
In one of the most iconic moments in State of the Union history, Trump checkmated every Democrat by asking Congress to stand if they agree: The first duty of the American government is to protect American citizens, not illegal aliens.
The Democrats stayed seated.
@thecurioustales You need 3 burners and a microwave. Microwave what you can't put all of your focus on. The result is "close" to the same, but you get there in less time.
JUST DROPPED: Trump vs. Wall Street
Kevin Warsh just declared "regime change" at the Fed. Jamieson Greer invoked Hamilton at Davos. $18 trillion flowing to Main Street.
The Republican New Deal isn't a slogan—it's happening.
The globalists are terrified.
👇 WATCH
@BenBergquam@OreoExpress Born/Raised in Bmore and left in 1986. Would only go back wearing a bulletproof vest. Leaders have destroyed a once-great city. You can clearly see how "Shorty's" parents used violence to discipline her.