Only one of the three fundamental types of liquidity are directly in the hands of the Fed.
There is more to life than money
Just recognize that financial independence and early retirement are not some magic bullet that will fix your life.
Who knows who really got there first? There are at least 20 fathers of indexing
They can stop now, stand ready to ease if necessary, and still keep the expansion alive.
We know what happened in the past but have no idea what’s going to happen in the future
Two chances to be wrong
Ignore them at all costs
Many businesses struggle to balance quality and quantity
Graham, Templeton, and Swensen succeeded by arriving early at the banquet table, loading up on prime rib and lobster tail, and leaving the fried chicken and casseroles for those who followed
The key to long-term capital appreciation is to remain committed to an objective process, and to remain even-keeled throughout
You don’t know the odds of this game
Did they not realize that the accolades had more to do with their service to the firm than their service to their clients?
Going behind a paywall
The lessons we learn first are the lessons that last longest.