I love America. We live in a blessed nation endowed with incredible resources, culture and dynamism. One of the core engines is the dynamism of small and medium businesses. Next week after the long Easter weekend, I am going to share our David vs. Goliath story!
Paul Kim πΊπΈπΊπΈπΊπΈ
1,061 posts
CEO/cofounder @SimplifyAsstMgt Gratefulness is the key to happiness! God-fearing American; ETF industry veteran; father of 3. Opinions are my own.
- For those of us with kids, one unintended outcome of working from home is an education on what dad does at work β think of it like shadowing someone. My kids are learning a lot on ETFs!
- The best thing about the ETF business is that it is growing so much. Growth means abundance mindsets instead of zero sum games. Career advice: seek growing industries. More fun, more pay, & more friends!
- Replying to @EricBalchunasGrowing inelasticity of market (think of it as less float) leads to violent price moves. More and more shares are βlockedβ up by low/no turnover passive investors. Marginal buying and selling pressure leads to big swings in prices.
- Days like today are a reminder that bonds are insufficient to diversify portfolios. Managed futures and other alternatives belong in more portfolios.
- Replying to @mattschnuckWisest post I've seen in a long time! Grateful to you, Matt, for sharing the message!
- Great looking booth! β¦@exchangeETFβ© β¦@SimplifyETFsβ© β¦@profplum99β© β¦@BrianKelleherNYβ© β¦@EMcArdleInvestβ©
- Replying to @Ksidiiiπ―Kris! Vol can replace two important attributes of bonds in a portfolio: 1) anti-correlation (downside hedge); and 2) income (selling capped vol).
- Replying to @RyanDetrickBanning sales and pouring in liquidity can do that in the near term but at the cost of price discovery and long term health of the markets.
- Most portfolios would benefit from adding more alts. 50/30/20 (20 = alts) vs. the vanilla 60/40. Managed futures, commodities + uncorrelated income. "Diversify your diversifiers" @choffstein
- Cash, alts and steepeners! π
- Replying to @profplum99 @ToStRo and 3 othersFed can't print oil but fiscal should help drill more oil. We need supply not more/less demand. Importantly relying on interest rates to drive investment is proven failure -- rates are a BLUNT instrument with a lot of collateral damage.
- Replying to @adamscrabbleToilet paper is for closers.


