This article is the third update of an article I originally penned in March 2022, examining the long-term return of US stocks. The short answer to the question "do stocks always go up" is a resounding "yes", so long as the holding period is long.

This is an update of my 1Q2026 portfolio performance. My all-in return was nil, which was not disappointing (to me at least) given the performance of assets prices in March, following the beginning of the US-Israel war against Iran.

This article is an update of my personal portfolio at year-end 2025. My blended full-year return for 2025 across my portfolio (excluding alternative assets) was 17.1%. It helped being in the right names, a combination of a bit of skill and experience, and a lot of luck.

As risk markets surge, especially US stocks (but also corporate bonds), it's hard not to scratch your head and ask how long this can carry on? I have no idea, but I think the end might be near. In the meantime, I stick to my standard investment approach.

This article contains a summary of full-year 2024 performance of the indices and assets tracked by EMC, plus historical data, too.

I "guessed" at how markets would perform in 2024 last year at this time. Some I got right, some I got wrong, not different from the pros.

This is the update of my personal portfolio for the most recent quarter ended September 30, 2024.

This is an update of my personal portfolio performance in 2Q2024 and 1H2024, good on the surface but worse than the indices would suggest.

The 2024 en primeur campaign for Bordeaux is just starting. But is fine wine really a good investment? I don't think so anymore.