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 Sep, 2015

  Jobs

  Markets have taken today's employment release as evidence of a weakeningÂjobs market. A mere 173,000 net new jobs ...

• 9 Feb, 2015

  Where Have All the Bonds Gone?

  Apologies to Pete Seeger for stealing his song lyric, but I think bonds and flowers are sufficiently different that he ...

• 31 Dec, 2015

  A Year-End Thought

  This week, my college basketball team visited southern California, and I was lucky enough to spend some time with them ...