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.

• 15 Oct, 2014

  MLPs

  Some historical data from Credit Suisse below: MLPs are off 14% this month, pretty bad. Subsequent performance (no ...

• 13 Jul, 2015

  Wild, Wild East

  The central planners in Beijing have gotten so much right for the past three decades, that they might be forgiven for ...

• 25 Aug, 2016

  Falling Behind

  It's good to be tall.Tall people tend to be more highly educated, earn more over their careers, are higher in the social ...