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 Sep, 2023

  Beach Reading

  September is still beach time, so I have a few more recommendations for you. One nonfiction and four fiction, including ...

• 6 Apr, 2017

  Hope and Reality

  Why is everyone so happy? Well, maybe not everyone, but a lot of people are as optimistic as theyve been in a long ...

• 16 Dec, 2014

  Energy Panic

  Take a look at the price of a barrel of good ol West Texas Intermediate (see graph below). Two things jump out at me: ...