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.

• 4 May, 2015

  Skyscraping

  In 2009, there were 19 buildings in the world with heights above 1,000 feet (305 meters for the non-American readers). ...

• 26 Feb, 2015

  Not Deflation

  The Consumer Price Index dropped 0.7% in January, bringing the year-over-year change to negative 0.1%. With the ...

• 19 Mar, 2026

  Beach Reading

  We are having a bit of a heat wave here in Southern California, so take your reading to the beach! I have six new ...