Did you hear vaccinated people with Delta “have just as much virus in their nose so are just as infectious as unvaccinated”?
Turns out vaccinated people have significantly less culturable virus present at the same Ct count
They are LESS INFECTIOUS 💥
https://t.co/OX0Ul0ntWc
Housing prices are now up nearly 40% from the mid-2000s bubble peak
The US stock market is now up ~275% from the 2007 debt bubble peak
Sometimes the best investment strategy is just waiting
Something I find interesting: a lot of our biases in our professional lives can masquerade as “expertise.” Are you really sharing that advice with a client because it’s best for them and their plans… or is it because you think the alternative(s) isn’t one you should entertain?
Nightlife: most of last year’s gains for S&P 500 were made in overnight trading, while intraday trading yielded virtually no gain @Bloomberg
[Past performance is no guarantee of future results]
"Since 1916, the Dow has made new all-time highs less than 5% of all days, but it’s up 25,568% over that time. 95% of the time, you’re underwater. The less you look, the better off you’ll be." Via @michaelbatnick
https://t.co/TFT81RZQMu
Abraham Lincoln was told by one of his advisors who favored punishing the South, “Mr. President, you’re supposed to destroy your enemies, not make friends of them!”
Mr. Lincoln replied, “Am I not destroying an enemy when I make a friend of him?”
-- John Wooden
value outperformed growth 93% of rolling 10-years back to 1926. Last decade painful, but happened before, should be expected. Stocks underperform tbills about similar %. Value is about putting odds in your favor and diversifying sources of risk. Now value historically very cheap