“If all that sudden volatility ever teaches us is to always be humble no matter what our good fortune, then volatility truly is our friend”
2025 - A Tale of Two Themes: Strong Economic Growth and Expensive Stocks
“It is hard for investors to bet on politics. If you must, the cleanest way to do it is in the betting markets, not the stock market.”
"The signal is the truth. The noise is what distracts us from the truth."
“There are many kinds of risks…but volatility may be the least relevant of them all.”
Podcasts
