Old Age

It’s been 3 years since US equities have corrected more than 10%. But there’s no law about how long rallies can last without a correction.

In any event, as diversified, well-positioned investors (as, of course, we believe we are), does it really matter if stocks fall 10%? or 20%? If it does matter, you probably have the wrong portfolio. For the rest of us, volatility really does equal opportunity.

• 20 Dec, 2018

  Breathe

  Twenty-five hundred years, Siddhartha Gautama practiced a form of meditation that involved controlled breathing. Much ...

• 21 Aug, 2017

  For What It's Worth

  In the summer of 1966, throngs of young people crowded the Sunset Strip in Los Angeles to hear their favorite bands. ...

• 9 Dec, 2014

  Deflation? Not US

  The dramatic (40%!) drop in oil prices has caused some hysteria in the media about the rising risks of deflation. After ...