Consumers, producers, and investors have traded gold since antiquity. Because of the longevity of its use as money, we know the price of gold further into the past than any other good. We usually understand the meaning of a price…
In a recent post, I made the case that the run-up in stocks is drawing to a close. Even if this current bull market does not come to a close in absolute terms, then at least relative to commodities. Equities,…
With US equities trading at record highs, investors have a difficult choice: what investment path should I choose to secure superior returns? The choice is normally between stocks and bonds, but with bond yields also near record lows, the choice…
Sometimes when investing, the things you don´t do are as important as the things you do. In finance, noise refers to any information that serves to confuse the investor or misrepresent the underlying market trend. On a mundane level, noise…
