The Streak Illusion
The 'hot hand' is a powerful illusion — in basketball and in markets. Why recent streaks (like currency moves) don't tell you much about what comes next.
The 'hot hand' is a powerful illusion — in basketball and in markets. Why recent streaks (like currency moves) don't tell you much about what comes next.
Uncertainty feels like the enemy of investing — but it's actually the source of returns. A reframe on why risk and reward are inseparable.
A scary drop mid-year doesn't doom the whole year. A one-pager showing how often markets finish positive despite a sharp intra-year decline.
Recessions are frightening in the moment, but markets often turn up before the economy does. A one-pager on keeping perspective through a downturn.
New market highs feel like a warning to many investors. A one-pager on why all-time highs have historically been followed by more gains, not a fall.