This Time Is Different | Eric Bjorndahl | Substack

And its impact on cash flows and valuations

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In 2021, my portfolio returned 21.16% and the S&P 500 index returned 28.71%. Cash holdings averaged 60.75% for the year. Personal Performance vs. S&P…

Jan 1

Callum Roberts, author and marine conservation biologist, describes shifting baselines as: …intergenerational changes in how we perceive our world. Each…

Sep 30, 2021

An increasingly prevalent model for growth, especially in the tech / startup world, is: Spend (and lose) a lot of money to buy users Monopolize the…

Aug 27, 2021

The Hang Seng Tech index in Hong Kong has declined 40% in the past six months. This is greater than the S&P 500 drawdown of 32% in March 2020, when fear…

Aug 17, 2021

Cash and "market timing"

Jun 4, 2021

Taking another look at Yelp

May 26, 2021

The endowment effect, commitment bias and a brief example

Apr 24, 2021

This Time Is Different

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