Behavioral, Macro David Keller Behavioral, Macro David Keller

Now Presenting the Bear Case

A respected former colleague of mine absolutely loved to play devil's advocate.  Whatever investment thesis was posed, he would always take the other side of the argument. Over time, I began to understand and respect this approach.  Sometimes his challenge would expose behavioral biases such as confirmation bias or the endowment effect, leading us to reconsider our outlook and positioning.

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Behavioral, Macro David Keller Behavioral, Macro David Keller

Time To Sell In May Yet?

I've been chipping away at articles I've stored in my Pocket and just made it through a series of pieces on the "Sell in May" phenomenon. If you're not familiar, the proclamation "Sell in May and Go Away" speaks to the perceived seasonal trend where the US stock market tends to be weaker in the summer to fall period than the winter to spring period.

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Behavioral, Investing, Dataviz, Aviation David Keller Behavioral, Investing, Dataviz, Aviation David Keller

On Driving in Italy

We've fallen into a sort of daily routine for our Spring Break in Sicily.  Lazy morning at home, load the car up around 10:00, go exploring.  Lunch on the fly and a bonus gelato stop when we need a morale boost.  With very little English spoken, every step of this journey has been an adventure.  However, the most hair-rising and invigorating challenge has been driving in Sicily.

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Behavioral, Communication David Keller Behavioral, Communication David Keller

The Universal Language of Charts

My family and I are on Spring Break this week in Sicily.  We decided to go full immersion and rented a house in a small town outside of Palermo.  We travelled via Munich and had a couple days there to explore before heading to Italy.  As I had hoped and expected, we're learning so much about new people and places.  At the same time, we're learning a great deal about ourselves as well as the universality of the human condition.

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Those who can not remember the past are condemned to repeat it.
— George Santayana