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December 11, 2019
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123 Years of the Dow

Markets
Passive vs Active

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Summary stats and methodology.

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Markets
Passive vs Active

DISCLAIMER

The views and opinions expressed in this post are those of the post’s author and do not necessarily reflect the views of Albert Bridge Capital, or its affiliates. This post has been provided solely for information purposes and does not constitute an offer or solicitation of an offer or any advice or recommendation to purchase any securities or other financial instruments and may not be construed as such. The author makes no representations as to the accuracy or completeness of any information in this post or found by following any link in this post.

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'Til Death Do Us Part

One of the most interesting observations here is that the fundamental future predicted by the masses not only turned out to be precisely correct, but in some cases exceeded expectations. Yet the share prices of those participating in (or driving) the transformation were driven to wildly exaggerated share prices and market capitalizations.

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AI and the Value of Information

The net excess return of all active investing in the aggregate is zero. This is true whether you use Claude, Gemini, or a slide rule.

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Here We Go

I will try as always to be objective here, but maybe some bias will be revealed in the process. I hope not, and I am sure you will let me know if I do. Given how politically charged things can be these days, I am bound to upset someone. That is not my intention. Not one bit. I am trying to help. I’m trying to help our investors. I’m trying to help my friends. I’m trying to help myself.

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On Stock-Picking in Volatile Environments

Whether stocks are heading dramatically north, or disastrously south, how do you know if it is overreaction and psychology, or actual economic fundamentals driving the share price? In other words, how do you know which is which?

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Stock Market History, Illuminated, 2024 Style

The Sustainability of US Equity Market Outperformance; a prologue.

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Faith

The importance of "faith" when diagnosing investor behavior, including our own.

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