I’m resisting the urge to begin this brief post with a pun on “T’was the Night Before Christmas.” In any case, today’s half-day of trading stocks sold off strongly again, cementing this December as one of the worst on record (since 1931 to be precise). When the market closed at 1pm today the ...
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One of the first things that you learn about economic growth, if you learn anything at all, is that growth is not a zero-sum game. That is, when a company like Apple increases its earnings by 40% or so, as it did last quarter, it didn’t simply “take” those earnings from its ...
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Ray Dalio is the founder of Bridgewater Associates, one of the largest and most successful hedge funds in the world. For the past year or so Dalio has been publishing animated clips derived from his magnum opus on economics and investing, Principles. Click here to check them out. ...
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