Tag: coronavirus
How Long-Term Investors Can Be Optimistic When Others are Negative
From an email sent out to IIM investors on May 12th, 2022: Good evening, IIM investors. The optimistic contrarian is the rarest of investors. Pessimism can make it hard to distinguish between exaggerated and real risks – and is often taken more seriously than optimism…which, in times of stress, can be hard to distinguish from […]
IIM International Portfolios: Q1 2022
Just Another Megalomaniac Monday Equity markets uncomfortably faced higher inflation and interest rate hikes going in to 2022, but as masks came off and supply chains loosened, there were signs of optimism. Then Vladimir Putin, President of Russia, decided to get the USSR band back together and invaded Ukraine. When Russia annexed Crimea in 2014, […]
How Geopolitical Risk in Ukraine Impacts Long-Term Investors
From an email sent out to IIM investors on Feb 27th, 2022: Good morning, IIM investors. For long-term investors, periods of geopolitical risk are unavoidable. This week’s events in Ukraine are troubling and evolving rapidly. A major world power invading a free sovereign nation is of enormous historical significance. And though I am skeptical of […]