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.

• 20 Jul, 2017

  Toes in the Sand

  For me, and I think I speak for everyone on the planet, the feeling of warm sand between the toes is one of lifes great ...

• 3 Mar, 2019

  Truth and Consequences

  Archaeological evidence suggests that, for thousands of years, the people who inhabited the Great Plains of North ...

• 23 Jun, 2015

  Beginning's End

  In November 1942, with the Battle for Egypt under way, Winston Churchill addressed his nation with these words:Now this ...