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.

• 28 Oct, 2021

  Basketball is Life

  The last commencement address I gave was in 1978. No one remembers what I said. I know this for three reasons:1. I dont ...

• 4 Nov, 2014

  US Manufacturing

  Wow. The good people at the Institute for Supply Management survey American manufacturers every month and ask, "how's ...

• 31 Oct, 2014

  QE Impact?

  QE3 (the policy, not a new Cunard ship) was launched 2 years ago and ended this week. The expanded it balance sheet by ...