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.

• 21 Dec, 2016

  Shock, Part 4 (Divided We Are)

  We began this series with a review of the likely economic policies and their implications of the new Trump ...

• 19 Nov, 2015

  Fairy Tales

  The technology bubble of the late 1990s is a distant memory for most investors, and an ignorance for the rest. But back ...

• 3 Mar, 2019

  Truth and Consequences

  Archaeological evidence suggests that, for thousands of years, the people who inhabited the Great Plains of North ...