Week of 4/6/2023

Spring has sprung…for some. While warm temperatures cover Florida, many western states expect even more snow in what has been a record season. Regardless of the weather, we hope that you and your families are well. Also, the markets and our office will be closed on Friday, April 7th in observance of Good Friday. To those who observe them, we wish a Happy Easter and Joyous Passover!

We are pro-natalists. In other words, we see increasing population as a net positive for the world. We like this post on why 8 billion in world population is a milestone worth celebrating. There is a bad word at the end. This post has a clever title, “Why the Stock Market Makes You Feel Bad All The Time,” and some excellent information on that subject. Especially helpful is the data about how long it usually takes for the market to reach new highs after a bear market. Spoiler alert: It usually take quite a while. The Taliban takeover of Afghanistan meant many fighters taking roles in operating the city. Former fighters describe what life is like in Kabul after the war. Many complain of the adjustment to office life: “There is another thing I dislike and that’s how restricted our lives are now, unlike anything we experienced before. The Taliban used to be free of restrictions, but now we sit in one place, behind a desk and a computer 24 hours a day, seven days a week. Life’s become so wearisome; you do the same things every day. Being away from the family has only doubled the problem.” The interviews are very interesting. One of our favorite commentators, Tyler Cowen, used ChatGPT to “interview” Jonathan Swift. We thought the result was pretty great. What historical figure would you like to interview?

Ask the Joes® (and Cale) has a new video(!) about trying to time market moves based on news.

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