A few years ago, I had the privilege and the pleasure of addressing the cadets in the finance program at West Point. The topic of my talk was “Signal Interpretation” and I wanted to help the cadets understand how to differentiate between information-rich signal and distracting noise. I used many examples from my career as … Read more
Hi All, You’ve already been reminded 1,000 times to go vote. I’m just back from securing democracy here in CT. If you want to know my views regarding the market implications of the election, there’s a detailed section on that in the long Macro Update I posted yesterday. Just know that whether you’re team red … Read more
Published to the Deep Knowledge Investing blog on November 3rd, 2024. I have been writing less about the macro-economic environment lately. That’s been for two reasons. The primary one is in 2022 and through much of 2023, it was macro considerations that were driving the market. Understanding what was happening with inflation and the Federal … Read more
