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.

• 18 Oct, 2022

  Fireside Reading

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  Europe Sputters, US Cruises

  Europe's unemployment rate is 11.5%. Europe is currently growing at less than 1%. A rule of thumb is that it takes ...

• 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 ...