Gold hit $4,000 in October 2025. This is a comprehensive analysis comparing gold prices vs S&P 500 total returns for every month since 1975. I analyze the results and try to derive some insights on how gold can prove useful when there treasury bills are unable to provide expected risk-free real interest rates that are positive and significant.
Tag: Investing
Seeking alpha via stock picking is a major time sink, and after correcting for biases that exist with status quo index investing, the allocation for discretionary investments should be substantially smaller for those who aren’t wealthy.
Why Lululemon (LULU) is not a long-term buy for value investors: lacks competitive moat, market saturation, better suited for short-term trading.
Why DigitalOcean (DOCN) is not a buy for value investors: lacks competitive advantages in a crowded market, better for diversification.
Proposing a new cybersecurity ETF strategy: tiering companies (pure-play vs. others) and weighting based on focus, critiquing market-cap weighting.
Notes from a university course on Behavioural Finance, covering Expected Utility Theory, Prospect Theory, cognitive and emotional biases, risk tolerance, and corporate governance.
Valuation of Lithium Americas (LAC) based on EMH and a dividend discount model, analyzing Thacker Pass project and providing investment recommendation.
experiments we can do regarding active management
Detailed notes and summaries from a university course on Options, Futures & Swaps, covering derivative types, market mechanics, hedging, interest rates, pricing, swaps, securitization, financial crises, and volatility.
Comprehensive notes for BU 473 Investment Management, covering asset classes, trading, risk and return, CAPM, APT, bonds, interest rates, financial analysis, options, and futures.
A guide for Canadians on investing in the stock market with an emphasis on risk and safety. Answers: What is a brokerage? What is are registered accounts like TFSA, RRSP, FHSA, RESP, and how to reduce taxes? What are stocks and how should you invest?