Wealth of Optimism

Wealth of Optimism

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July 2025

When Winning Makes You Worse
The headline above was posted on Wednesday and accompanied by the following quote:
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Jonathan Swanburg
1
The Risk of Expecting Too Much
The belief that there is little risk creates a perverse outcome: people behave more recklessly, thus increasing actual risk.
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Jonathan Swanburg
3
Don’t Fear New Highs
New highs aren’t a warning sign. They’re part of how the market works.
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Jonathan Swanburg
2
The Deepfake Scams You're Not Ready For
Why Seeing Is No Longer Believing
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Jonathan Swanburg
2

June 2025

Texas Wants Bitcoin. History Wants a Word
What gold, diamonds, and past manias can teach us about today’s crypto moves
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Jonathan Swanburg
2
The Myth of Better Investing for the Ultra-Wealthy
The other day, I was speaking with an investor who had a $1 million portfolio, and he asked an interesting question.
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Jonathan Swanburg
2
Crypto Bubbles
Predicting when bubbles will pop is an impossible task.
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Jonathan Swanburg
2
The Cost of Progress
In this Morgan Housel podcast, he makes the point that what the average American considers to be an average, ordinary life has shifted dramatically over…
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Jonathan Swanburg
1

May 2025

Why 'Smooth' Returns Should Raise Red Flags
The Trouble with Low Volatility and High Returns in Private Markets
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Jonathan Swanburg
1
Exciting Opportunities for Bad Returns
Last week, I sent out a video and some slides focused on the idea that there are no free lunches in the investment world. Strategies that promise to…
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Jonathan Swanburg
1
Volatility & Opportunity: Managing Risk in a Shifting Economy
This week, we hosted a seminar in our office titled Volatility & Opportunity: Managing Risk in a Shifting Economy.
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Jonathan Swanburg
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