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Novel Investor
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Chicago, Illinois, United States
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SINK (Single Income, No Kids)
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Latest Blog Posts

2017 has been a ho-hum year for the markets. Yes, returns were great all around. A quick glance at Morningstar’s Index Performance shows a sea of green YTD. But… The juxtaposition of a volatile political environment and a carefree market best sums up 2017. If you ever wanted proof that markets are apolitical, this was it. I’ll […] The post Happy Hour: Thoughts on 2017. Looking Ahead to 2018 appeared first on Novel ...
Posted: Dec 15 2017 @ 1:10 PM
Every year I’m surprised by the posts that get traction and those that don’t. What I think is interesting and spend a lot of time on, can fall flat while something that seems like an afterthought, gets shared everywhere. I doubt I’ll ever figure it out, but I do appreciate it when it happens. So thank you […] The post What I Learned from the Most Popular Posts of 2017 appeared first on ...
Posted: Dec 13 2017 @ 4:00 PM
With 2017 coming to a close, the forecast machine is working overtime predicting what will happen next year. “The wackier the better” is how the game works because it draws the biggest headlines. Unfortunately, these people sound sincere, educated, and expert-y, so we’re more apt to believe them. Don’t. A magic eight ball is about as […] The post Happy Hour: Market Outlook appeared first on Novel Investor. © All Rights Reserved. ...
Posted: Dec 08 2017 @ 12:32 PM
I’ve been reading through the annual meeting speeches John Maynard Keynes made during his tenure at National Mutual Life Assurance Society. Several things stood out like his views on the U.S. leading up to and after the ’29 crash or his hot takes on the global economy and how to fix the issues of the time. […] The post Lessons from Keynes’s National Mutual Speeches appeared first on Novel Investor. © All ...
Posted: Dec 06 2017 @ 8:10 PM
Right from the start, Keynes allocated more money to stocks. That was his first big move as Chairman of National Mutual. For an insurance company at the time, it was significant. Yet, it was still a small portion of the total funds. The average insurance company at the time held about a 4% allocation to […] The post Happy Hour: Keynes’s Lesson from ’29 appeared first on Novel Investor. © All ...
Posted: Dec 01 2017 @ 11:55 AM
John Maynard Keynes became the acting Chairman of National Mutual Life Assurance Society in 1921 until his resignation in 1938. Each year, an annual meeting was held in London, where Keynes spoke at length about National Mutual, among other topics. The time period makes it unique. Britain was recovering from World War I. Markets in […] The post John Maynard Keynes on Owning a Larger Portion of Stock appeared first on ...
Posted: Nov 29 2017 @ 7:59 PM
One of the things that make Amazon stand out from all the competition is the long-term mindset instilled by Jeff Bezos. Another is the companies ability to fail well. Their willingness to try a lot of things, knowing they’ll fail at most of them, is what drives Amazon’s success. The reason is that the few rare things […] The post Happy Hour: Long-Term Thinking appeared first on Novel Investor. © All Rights Reserved. ...
Posted: Nov 17 2017 @ 7:01 AM
Since 2009, the stock market returned almost 15% annually. That’s a great return. It’s an even better return considering most people believed it was impossible in 2009…2010…2011…2012… But that’s how investor perception plays out: either the good times will keep rolling or things will get worse. Now, the argument can be made that the current […] The post A Reminder from Peter Lynch appeared first on Novel Investor. © All Rights ...
Posted: Nov 15 2017 @ 5:44 PM
The Parable of Mr. Market is the most important lessons Graham taught in The Intelligent Investor. It’s a simple story that offers a great way to think about the stock market. Mr. Market can quote some ridiculous prices from time to time that has nothing to do with the business. You can get caught up […] The post Happy Hour: Mellow Mr. Market appeared first on Novel Investor. © All Rights ...
Posted: Nov 10 2017 @ 10:23 AM
Posted: Nov 08 2017 @ 6:42 PM


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