Time

Posted on Monday, March 23rd, 2020

At the bottom, stocks will be cheap and no one will care.”  – Bob Farrell Merrill Lynch Analyst The value of time. We can’t make more of it. We can’t buy it. T. Boone Pickens, legendary investor and oil wildcatter, gave a graduation speech at his alma mater. In it, he said he would gladly exchange… read more.

Exponential

Posted on Sunday, March 15th, 2020

There are decades when nothing happens; and there are weeks when decades happen. – V. Lenin If there was ever a week when a decade happened – that was it. I will skip the amateur epidemiologist spiel but what we find impressive is the math. For weeks we have been watching this virus. The exponential… read more.

Flawless to Hopeless

Posted on Sunday, March 8th, 2020

Markets reaction is a function of economics AND emotions. In the world of investing perception often swings from Flawless to Hopeless. – Howard Marks Oaktree CIO You can’t control markets but you can control the risk you take. Part of appropriate asset allocation and risk taking is diversification. Diversification has worked out well in this… read more.