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.

• 8 May, 2024

  Beach Reading

  I'm happy to go to the beach year-round, but it's now really becoming beach weather, so I have five new book suggestions ...

• 29 Jun, 2015

  Drama/Drachma

  Here we go again, as Ronald Reagan used to say. Asian equities off 2-3%, Europe down 3-4%, Treasuries rallying, gold up. ...

• 12 Apr, 2019

  Inversion

  Say "inversion" to a Californian, and the most likely word association is layer. Its our topography that causes this ...