2023 Midyear Client Letter
We are even more delighted than usual to report to you at midyear on the events of the last six months. Tom, Frank, […]
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Market Declines
Changing Lanes: “Balanced” Portfolios
Picture that you are driving on the highway but stuck in bumper-to-bumper traffic. As you crawl along, you notice that the adjacent lane
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The Debt Ceiling
The story is always the same: we hear that Social Security checks might not go out and how government services will imminently shut
History vs Headlines
We either are or are not currently in the thirteenth recession in the modern era since the Great Depression. Even though we have
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The Dungeon: Cortisol and the Confirmation Bias
Are you more discouraged and anxious than usual these days? Is your mood darker than normal? Does it feel like you are waiting
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2022 Midyear Client Letter
As our readers are aware, this letter arrives during a bear market and likely an economic recession. This follows an extraordinarily strong and
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Thoughts on the Bear Market
The primary function of financial journalism seems to be terrifying us out of ever achieving our financial goals by shrieking about the market’s
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Bulls, Bears, and Long-Term Benefits of Stock Investing
Stock returns are volatile, but nearly a century of bull and bear markets shows that the good times have outshined the bad times
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Impact of Diversification
These portfolios illustrate the performance of different global stock/bond mixes and highlight the benefits of diversification. Mixes with larger allocations to stocks are
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Either/Or
2022 so far has welcomed us with a two-headed threat of the geopolitical crisis in Ukraine and the highest domestic inflation we have