Wealth of Optimism

Wealth of Optimism

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The Bond Market Is Not Collapsing
I’ve started to get calls and emails from clients worried about the bond market.
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Jonathan Swanburg
1
The Time to Invest Is When Things Feel the Worst
“She is so good at predicting what will happen in books, so bad at predicting what will happen in life.
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Jonathan Swanburg
1
Taking the Good with the Bad
A lot has happened since last Friday’s note. First, the stock market had its largest two-day decline in 75 years, which caused many investors to sell…
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Jonathan Swanburg
2
The Obvious Outcome of Tariffs
In November 2023, I wrote a note titled “The Obvious Outcomes” explaining why things always seem predictable in hindsight.
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Jonathan Swanburg
1

March 2025

Diversification Still Works
If you've been following the news, you may have gotten the impression that your investment portfolio is being crushed.
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Jonathan Swanburg
1
Net Worth by Age: Means, Medians, and Misleading Numbers on the Internet
I recently came across this chart on Yahoo Finance titled "What is the average net worth by age?" Find out how you stack up against the national…
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Jonathan Swanburg
1
Stock Market Declines Are Normal
Last August I wrote a note titled Stock Market Declines Are Normal. At the time, the S&P 500 had dropped 4.5% over the previous week, Japan had seen the…
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Jonathan Swanburg
2
Buffett's Thoughts On Cash
"Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections…
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Jonathan Swanburg
1

February 2025

Great Companies Are Not Always Great Stocks
Picture this: It's 1972, and Walt Disney Company is the darling of Wall Street.
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Jonathan Swanburg
1
Why Your Political Views May Be Your Portfolio's Worst Enemy
This week, we hosted a seminar in our office titled Markets v Politics: Making Rational Investment Decisions in a Divided World.
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Jonathan Swanburg
1
A Cautionary Tale About Leveraged ETFs
Pigs get fat, hogs get slaughtered.
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Jonathan Swanburg
2
The Mirage of Private Equity for Retail Investors
Investment firms are making it easier for retail investors to get exposure to private equity .
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Jonathan Swanburg
2
© 2025 Jonathan Swanburg
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