Market CommentaryInvesting 2020 3rd Quarter Commentary: “The Gorillas are Not Bigger Than the Room”October 19, 2020A Full Troop of 800-Pound Gorillas: Elections, Taxes, COVID-19, and the Markets In this letter:…
Market CommentaryInvesting 2020 2nd Quarter Commentary: “Another Ride on the Roller Coaster?”July 21, 2020At A Glance Volatility from the first quarter bled into the second, though this time…
Market CommentaryInvesting 2020 1st Quarter Commentary: “Poorly Drawn Corollaries”April 13, 2020There is no way to cover everything in one letter. There never is. Many of…
Market CommentaryInvesting 2019 4th Quarter Commentary: “Farsighted Expectations”January 28, 2020The last time a balanced 50% stock/50% bond portfolio performed better than in 2019 was…
Market CommentaryBehavioral FinanceInvesting 2019 3rd Quarter Commentary: “The Recession is Coming! The Recession is Coming! What is a Recession Anyway?”October 29, 2019One of our least favorite things about investing is the remarkable imprecision of language. There…
Market CommentaryBehavioral FinanceInvesting 2019 2nd Quarter Commentary: “From Fear to FOMO”July 24, 2019It was just over six months ago that we penned a piece about the then…
Market CommentaryBehavioral FinanceInvesting 2019 1st Quarter Commentary: “When Hindsight Isn’t 20/20”April 12, 2019“Before, You Are Wise; After, You Are Wise. In Between, You Are Otherwise.” -David Zindell…
Market CommentaryInvesting 2019 Q1 Investment LetterApril 1, 2019Markets rebounded sharply from their 4th Quarter 2018 swoon. A balanced equity/fixed income investor is…
Market CommentaryBehavioral FinanceInvesting 2018 4th Quarter Review: “Holidays, Goldilocks, Resolutions and Strolling Along the Laffer Curve”January 16, 2019In the grand scheme of things, this holiday season was probably no different from those…
Market CommentaryInvesting 2018 Year-End Investment LetterDecember 29, 2018Few asset classes were positive in 2018 – the one “bright” spot among the asset…
Market CommentaryInvesting 2018 Q3 Investments NoteOctober 22, 2018Third quarter 2018 saw US equities continue their upward march. At +7.65% the S&P 500…
Market CommentaryInvesting 2018 3rd Quarter Review: “The Taming of the Diversified Portfolio”October 15, 2018The concept we discuss here goes back to before the advent of the written word,…
Market CommentaryInvesting 2018 2nd Quarter Review: “Oh, Behave!”July 13, 2018I am often asked by prospects whether financial advisors add value? Being one, of course,…
Market CommentaryInvesting 2018 Q1 Investment LetterApril 18, 2018Key Takeaways of 2018 Q1 Investment Letter Equity and fixed income markets were both slightly…
Market CommentaryInvestingTrending Topics 2018 1st Quarter Review: “Protectionists Hide in Your Wallet”April 13, 2018It is often fun (at least for us) to go back and re-read some of…
Market CommentaryInvesting 2017 Year-End Investment LetterFebruary 2, 20182017 saw a remarkable juxtaposition between 1) headlines around the globe and here in the…
Market CommentaryInvesting 2017 4th Quarter Review: “Fads, Manias, and Bubbles!”January 12, 2018As we approached the holiday season (which seems to start even before Thanksgiving now), I…
