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.

• 3 Nov, 2014

  It's a Big World

  With apologies to Walt Disney, the global economy is getting, well, more global, and, intuitively, companies' ...

• 20 Nov, 2015

  Under My Thumb

  As Mick Jagger sang (screeched?) 50 years ago. The song was about turning the tables on a domineering woman (The girl ...

• 14 Apr, 2015

  Sine Aqua

  The Ancient Mariner violated Nature by killing an albatross for sport, thus condemning his boat and crew to the ...