About Douglas Tengdin, CFA

The World Market Update is a labor of love, written and curated by Douglas Tengdin, CFA, the Managing Director and Founder of World Market Advisors. It is not a recommendation to buy, sell, or hold any security or investment. Everything posted on this site is put here with the explicit understanding that investing – like law, medicine, engineering, or any other profession – must be tailored to fit your particular needs and circumstances. If you need specific investing advice, please consult a professional.
17 02, 2022

The Inflation Equation (Part 2)

By |2022-02-22T15:29:27+00:00February 17th, 2022|Uncategorized|0 Comments

Is inflation real or monetary? Source: Dallas Fed, World Market Advisors Last week I discussed the inflation equation, the formula that Milton Friedman popularized to explain the double-digit inflation of the 1970s. MV = PY M is money, V is velocity, Y is the real economy, [...]

11 02, 2022

The Inflation Equation

By |2022-02-11T15:00:25+00:00February 11th, 2022|Uncategorized|0 Comments

What causes inflation? Source: Cleveland Fed, World Market Advisors I’m old enough to remember public service ads on television asking us that very question. They had characters playing grocery shoppers, business managers, and blue-collar workers. The ad blamed shoppers for not looking for the best deal, [...]

27 01, 2022

Designing Better Portfolios

By |2022-01-27T19:59:11+00:00January 27th, 2022|Uncategorized|0 Comments

Is investing an art or a science? F-5E Tiger II. Source: Wikipedia This seems a straightforward question. Portfolios are matters of math, return, cash flow, and valuation. But putting them together is complicated. It’s not just how different investments behave in different economic environments, it’s also [...]

9 12, 2021

The Price of Success

By |2021-12-09T22:16:02+00:00December 9th, 2021|Federal Reserve, World Market Update|0 Comments

Are we addicted to winning? Illustration: Superolli. Source: Openclipart We see it every week: glowing reviews of great stars and managers; the adoration or condemnation of home and rival teams; and the endless hours of watching the game and commentary and replay and analysis of their [...]

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