Learning the Hard Way

There’s an old joke we like to repeat from time to time. It goes like this: “How do you make a 33 year-old guy act like a 43 year-old guy?”  The answer?  “Wait ten years.” It’s not the kind of joke that elicits huge belly laughs, but delivered at the proper moment and in the…

February Madness

In our Investment Commentary last month, Good News is Bad News, we illustrated how the dramatic drop in the stock market was instigated by ONE measly data point. Wage growth for the month of January ran a little higher than expected, stoking fears of inflation. We didn’t panic because we were not concerned (yet) that…

Good News is Bad News

This week witnessed one of the largest selloffs in the market since 2011. CNBC couldn’t have been more giddy. Perceived fear and panic equal increased ratings. And television news is NOT about relevant information. It is about ratings. Even our own local meteorologist tweeted about the selloff on Monday: Proving that meteorologists should stick to…

Cruel Expectations

Twelve months ago, approximately one half of U.S. voters were fairly certain that the election of Donald Trump as President of the United States would bring quick havoc to the financial system. If stock market performance is a barometer of presidential performance (it isn’t), those voters were wrong. At least, so far. In fact, 2017…

Cryptocurrencies and Cheeseburgers

Although there might be a remote (extremely remote) possibility that Bitcoin could someday become the predominant worldwide currency, we feel until there is a likelihood that Joe Schmo could easily use it at the drive-thru to pick up a cheeseburger, its adoption by the common person will be stubbornly slow outside the nerd-world. There is…