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.
26 10, 2022

Of Random Walks and Drunken Walks

By |2022-10-26T02:39:58+00:00October 26th, 2022|Uncategorized|0 Comments

Can we learn about investing from puppies? Image: João Braun. Source: Pixabay. There’s a study of probability and random walks called “A Drunk and Her Dog.” The idea is that if a person comes out of a bar – heavily intoxicated – and starts wandering home, [...]

29 07, 2022

Fishing for Returns

By |2022-07-29T18:58:27+00:00July 29th, 2022|Business Strategy, Investing Strategy, Uncategorized|0 Comments

Can we learn about investing from fishing? Photo: Doug Tengdin. All rights reserved. I grew up fishing. My mother used to tell of how she took me out fishing when I was less than a year old. Every year My family in Minnesota would trek up [...]

15 07, 2022

Wolves, Beavers, and Markets

By |2022-07-15T18:01:59+00:00July 15th, 2022|Investing Strategy|0 Comments

Can the population of wolves in Yellowstone National Park teach us something about markets? Source: Flikr. CC0. The Grey Wolf used to be the dominant predator in North America. Running in packs, wolves are formidable. The largest species of the dog family, the average wolf weighs [...]

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, [...]

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