What we have been reading - 20th March 2025

Here's what caught our eye recently:

America: The Envy of the World: Or maybe not? The US has been a massive underperformer so far in 2025. Meanwhile Europe and Asia have been posting epic returns. That's why we are diversified folks!

Trump Trades and European Equity Exceptionalism:  A reminder of how hard (impossible) it is to predict what is going to happen next. "Performance always comes first, explanations second."

One of the most misunderstood moments in stock market cycles:  Here's a great reminder that the stock market is not the economy.

Why People Won't Change Their Mind:  Our brains are utterly fascinating.

Hetty Green and the timeless appeal of market timing:  A fun article on the perils of market timing. But if you are really going to do it, the author has a few recommendations.

Everybody Stay Cool: Michael Batnick pretty much saying exactly the same as me.

FINALLY:
Destroying America's Brand: Paul Krugman on what Trump may be doing to America's standing in the world.

ENJOY!

Georgie

georgie@libertywealth.ky