In January of 2008 I wrote the following hypothetical dialogue between an investor and his advisor. I’m posting it once again for several reasons. One is to contrast the circumstances we faced two years ago – such as the assumption that the Fed was about to lower interest rates (which they did in record fashion) [...]
I’d like to take this opportunity to wish you and yours a prosperous and stress-free New Year. I hope that regardless of the market’s mood in 2010, your assets are positioned in a manner consistent with your time horizon and your temperament. I hope that if Gold goes to $1,500+ an ounce and the Dow [...]
Not a sound could be heard above the din of clicking cameras as the distinguished gentleman carrying a black briefcase swaggered his way into Washington DC’s Federal Reserve Building. It was a crisp January morning in the year 2006 when the then rockstar of the financial world was about to chair his final meeting on [...]
As those of you who’ve endured my commentaries the past few years know, I am anything but a market forecaster. And I will, without relent, shame any analyst, economist, advisor, guru, shaman or witchdoctor who would endeavor to convince us that he can foretell the future investment decisions of the millions of individuals (and institutions) [...]
