The Philosophical Investor's Blog

Cheap Trillion Dollar Insurance

stimulus Cheap Trillion Dollar Insurance

I’ve been pleasantly surprised so far with regard to how well our rent collections have held up since the onset of COVID and the corresponding economic carnage. On average, we’ve been collecting across our portfolio about 98% of what we have billed.

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Confucius Say Beware of Superspreader

Confucius Say Beware of Superspreader

With China having gotten a lot of heat for Covid-19 I thought I would end this post with advice that I think one of its great philosophers would have given had he been alive today. Confucius lived between 551-479 B.C. According to Wikipedia

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A Brutal Dichotomy: Time For Another Meaningful Stimulus?

Brutal Dichotomy: Tightening Fed Stimulus

Fiscal stimulus has now started to contract while the Fed’s monetary support for the economy has tightened quite significantly over the last three months. See what the following charts show:

U.S. Fiscal Thrust Policy Expansionary Policy Contractionary Stimulus

Fed Balance Sheet Impulse 10-2020 Stimulus

The following is from The Washington Post and shows how significant the support for the unemployed has been and how it will drop materially if no stimulus package is passed.

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Known Unknowns from Alaska - CWS Planning Meeting

A couple of weeks ago, I had the pleasure of traveling to Alaska for a small CWS planning meeting on a private boat. To enter Alaska without being quarantined, one had to prove he or she tested negative for COVID, which fortunately I did.

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Don't Flip Out, Flip a Coin Instead

flip a coin

I know this may shock some people, but I have to admit that it’s not always obvious what I should write about each week and there are even some weeks where the motivation to do so is less than what it should be. I’m human,

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Tennis May Have Saved My Life

Tennis saved my life

Over the past year or so I’ve been writing a lot about tennis and how it has taken on greater importance as it has enriched my life in many areas. It has improved my health, particularly my endurance, it’s been a catalyst for creating new relationships,

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The Fed's New Inaction Function

Federal Reserve inaction

Fed Approves Shift on Inflation Goal

Federal Reserve Chairman Jay Powell officially altered the Fed’s reaction function during his virtual speech given for the annual Jackson Hole conference. More accurately he articulated its inaction function. Rather than being trigger happy to tighten monetary policy and raise interest rates as inflation reaches 2%,

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So Now What Are You Going To Do?

Mastery

Last week I talked about the importance of changing with success and not getting too comfortable with what’s been working as it can lull an individual or organization into a complacent state. This inertia often leads to playing not to lose by shying away from taking risks,

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Change With Success...And a Potpourri of Topics

Change with Success

There is a reason behind the reason for this blog which will be revealed at the end. I will use a sleight of hand to talk about the importance of not resting on one’s laurels and using a growth mindset to keep changing even in the face of great success.

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The Enemy of My Enemy Is my Friend

Israel UAE Peace

Last week I discussed the horrific explosion in Beirut. This week I’m staying in the Middle East and will focus on the big news that Israel and the United Arab Emirates have agreed to establish formal diplomatic relations. And while there were many indications over the last couple of years that the two countries were not only starting to cooperate but developing ever closer relations,

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