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.

• 2 Jan, 2015

  Shipping

  First, happy new year to all!I walked into the office this morning to a crystal clear view of the Pacific. What a ...

• 11 Nov, 2014

  Logistics

  Not enough attention is being paid to the work slowdown/stoppage going on at West Coast ports.The last time there was a ...

• 20 Mar, 2023

  Mismatch

  Bankers have always had a bad rap. Cicero, writing in De Officiis in 44 BCE, referenced Cato the Elder, the great Roman ...