When Diversification Isn’t What It Seems

“The four most dangerous words in investing are: this time it’s different.” – Sir John Templeton

Oct 10 • 

Jonathan Swanburg

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The Illusion of the Perfect Chart

Regardless of what story you are trying to tell, there is a chart that supports your case.

Oct 3 • 

Jonathan Swanburg

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September 2025

A Good Reason For Stocks to Go Higher

For this week’s note, I switched up the format and recorded a quick video reviewing two slides on the topic of US earnings growth.

Sep 26 • 

Jonathan Swanburg

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2:49

Three Articles About Trying to Beat the Market

The Hidden Costs of Chasing Returns, Income, and Safety

Sep 19 • 

Jonathan Swanburg

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Why Average Returns Don’t Matter For Private Investments

Much has been written about a recent executive order that allows alternative assets, such as private equity, private credit, and real estate, to be…

Sep 12 • 

Jonathan Swanburg

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The Strange Case of Muni Bonds in 2025

Municipal bonds, also known as "munis," are debt securities issued by a state, local government, or other public authority to finance public projects…

Sep 5 • 

Jonathan Swanburg

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August 2025

This Is How Smart People Get Scammed

Last year, a financial columnist for NY Magazine was scammed by someone claiming to be a CIA agent.

Aug 29 • 

Jonathan Swanburg

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Jim Rogers & The Only Way to Make Money Off Pessimism (Updated for 2025)

“Tell people what they want to hear, and you can be wrong indefinitely without penalty.” – Morgan Housel

Aug 22 • 

Jonathan Swanburg

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When History Stops Helping

How to separate durable ideas from disposable strategies

Aug 15 • 

Jonathan Swanburg

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Certainty Is Usually a Warning Sign

What past decades teach us about overconfidence and turning points.

Aug 8 • 

Jonathan Swanburg

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The Future of Social Security

Between DOGE and the recent Medicaid cuts, I’ve been getting a lot of questions about whether retirees can really depend on Social Security to be around…

Aug 1 • 

Jonathan Swanburg

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July 2025

When Winning Makes You Worse

The headline above was posted on Wednesday and accompanied by the following quote:

Jul 25 • 

Jonathan Swanburg

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