Seasonal Strategy’s quarterly newsletter

Seasonal Strategy’s quarterly newsletter

The Conservative Strategist

Click on dates to download PDFs

Current issue:

SUMMER 2026

  • Lost in SpaceX
  • Happy medium
  • Making medium happier
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Archive of past 12 issues:

SPRING 2026

  • Investors hate uncertainty
  • Not so much a quarter as three distinct months
  • What the Epstein files reveal about wealth, power, and status

WINTER 2026

  • The Fed is easing. The bond market isn't buying it.
  • Investing is not gambling. Hard to tell nowadays.
  • Private credit: A resilient subclass

FALL 2025

  • Q2: If past is prologue, a solid Q4 is ahead
  • Tokenization is coming. It will change investing forever.
  • The game-changer: WisdomTree purchases Ceres Partners

SUMMER 2025

  • Q2: In like a lion, out like a lamb
  • The Newark nightmare and our aging infrastructure
  • The case for infrastructure investing

SPRING 2025

  • How we proceed
  • What Seasonal Strategy does for you
  • And all of that is worth ...?

WINTER 2025

  • The economic idiocy ahead
  • Trump and your portfolio

FALL 2024

  • Warren Buffett — 94 and full of energy
  • How catastrophe can make your portfolio safer
  • Cat bonds: A paired-investment idea

SUMMER 2024

  • AI mania reaches loony proportions. Just look at Nvidia.
  • Retire Overseas: Cheaper, calmer, safer, healthier, more fun
  • Five cities to start your retirement journey

SPRING 2024

  • Record momentum leaves value investing in the dust
  • The Roth Individual 401k: Handy, and now available at Schwab
  • The new 529-to-Roth transfer opportunity

WINTER 2024

  • RIP Charlie Munger
  • 2024: Crowded trades and contrarian trades

FALL 2023

  • “Higher for longer”: The right thing to do, but it will bring pain
  • Niche assets: the next step in our portfolio diversification
  • Lots going on: Schwab, paperless, Reno

SUMMER 2023

  • Finally: A real return to safe, short-term investments
  • Paperless quarterly reports are coming from Seasonal Strategy
  • Seasonal Strategy is moving

The Conservative Strategist has been continuously published quarterly for 30 years. Select older issues are available upon request.