Tag: E&Ps
On Bear Markets and Volatility
From an email sent out to IIM investors on June 14, 2022: Good evening, IIM investors. The S&P 500 officially fell to bear market levels this week. Rapid inflation across the economy has affected consumers and businesses, raising questions about spending and corporate profits. These pressures have pushed interest rates higher across the curve, breaking […]
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, […]