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.

• 6 Apr, 2017

  Hope and Reality

  Why is everyone so happy? Well, maybe not everyone, but a lot of people are as optimistic as theyve been in a long ...

• 23 Oct, 2015

  Patricia

  It's another beautiful day in Santa Monica: blue skies, a few high wisps of stratus clouds. But 1500 miles south of here ...

• 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 ...