Messy Markets

This Week on The Compound

March 09, 2025

This Week on The Compound

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This week on TCAF, Josh and Michael were joined by returning fan-favorite Tom Lee, Co-Founder and Head of Research at FundStrat Global Advisors. They talked about how bull markets end, tracking the trade war, the odds of a recession, the case for a Bitcoin reserve, and Tom’s “Granny Shots” stock picks. (Listen)

INSIDE THE COMPOUND

Knowing who is on your side in the investing world is harder than ever. So you should arm yourself with the ability to sort valid claims from scams. Nick Maggiulli at Of Dollars and Data looks at some common ways that bad actors try to get one over on you. He writes:

If there is one rule I’d abide by to avoid getting scammed in the investment world it’s this—free lunches are rare. In economics they teach us that “there is no such thing as free lunch.” In other words, everything has a cost.

This is true almost all of the time in investing as well. You don’t get something for nothing. If you want great returns, you generally have to take great risks. And though exceptions to this “rule” exist, they are incredibly rare.

Nick Maggiulli

CHART OF THE WEEK

As you can see from the chart, it has been a while since international stocks have experienced any meaningful outperformance relative to the U.S. Ben Carlson, at A Wealth of Common Sense, looks at the potential for international diversification after a good start to the year.

MERCH

idontshop.com is back up! You can now order your favorite Compound merch like our Chart On! t-shirt.

COMING SOON

This week on TCAF, Josh and Michael will be joined by returning guest Rob Arnott, founder and Chairman of Research Affiliates.

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