Author Archive
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Jun 6, 2025This post revisits and refutes a long-standing argument against market timing—that missing just a few of the market’s best days can devastate returns—by demonstrating its... -
Mar 13, 2025To create a sovereign wealth fund dedicated to something five times or more as volatile as straight-up stocks is an awful idea. -
Jan 3, 2025Well, sitting here in the year 2035 and looking back at our endowment’s returns for the last decade is not a pleasant task. World markets have been subpar and our performance...
