Had a conversation the other day with a bright, young, passionate Central Valley California conservative. A person who would all-day-long profess himself a capitalist, who, with table-pounding zeal argues for smaller government and lower taxes, who tea-partys like it’s 1999. There happened to be a TV in the room channeled to a cable news station, [...]
Last week I received an email invitation to an on-line conference where, among other things, the presenter will divulge “the exact path the economy is going to take as predicted by centuries of studying patterns.” I’m assuming, unless the dude’s a vampire, that he meant to say “studying centuries of patterns.” Yet even that would [...]
Per my experiences with clients during the “worst recession since the Great Depression”, the tech-bubble bear market of ’00 – ‘03, the brief yet dramatic 20% decline in the fall of ’98, the market setbacks of ’94 and ’90, the October 1987 crash, the too many to remember 10% corrections, as well as the rallies/bull [...]
“Reality is merely an illusion, albeit a very persistent one” Albert Einstein I tell ya, in today’s bipolar world, you just don’t know what to think – or that’s what we say anyway. The fact is, we’re going to think whatever suits our personal or political fancies, all the while fooling ourselves into believing we’re [...]
So your seventh-grader comes home from school today and tells you how much she loved playing cross-fire (dodgeball to you/me) in P.E. because she hit Tyler smack in the face. Shocked at the sadistic nature of your little angel’s act, you sternly inquire as to why on earth she would enjoy hurting another child. She [...]
Frustrated that your portfolio’s not back to its October 2007 peak? Doubting the old conventional buy and hold wisdom? Well folks, I’ve discovered the answer (you can now forget about all that asset allocation and rebalancing garbage I’ve been preaching for so long). I literally spent every afternoon last week watching CNBC and I’ve come [...]
