As investors, we often think in terms of opportunity. But Ray Dalio reminds us that cycles—especially debt cycles—shape those opportunities more than most realize. In his book Principles for Navigating Big Debt Crises, Dalio writes, “Credit is the giving of buying power. This buying power is granted in exchange for … Read More
Most Investors Sell at the Worst Time—Here’s Why It Hurts Return
During their recent episode, Taylor, Carlisle, and Chris Bloomstran discussed Most Investors Sell at the Worst Time—Here’s Why It Hurts Return. Here’s an excerpt from the episode: Jake: The unfortunate thing, is there’s a catch too there where in order to fully believe in why you should expect to get … Read More
Howard Marks on Being a Battlefield Hero in the Investing World
In this interview with Guy Spier, Howard Marks reflects on his approach to investing, stressing emotional discipline and statistical thinking. He avoids overexposure to individual investments, ensuring that no single success or failure defines his performance or self-perception. During crises like the Global Financial Crisis or Long-Term Capital meltdown, Marks … Read More