I love the questions kids ask. This week my first-grader told me that he had heard the word "caricature" and wanted to know what it meant. I explained it, and then we went online to see some examples. In our highly politicized culture, we didn't have to look far to see some exaggerated cartoon [...]
Semi-genius
Warren Buffett once quipped that, “It's only when the tide goes out that you discover who's not wearing a bathing suit.” I've been thinking about this idea over the past week, as markets around the world have given up all their year-to-date gains, and then some. Since peaking at the end of January, [...]
What comes next
By any standard, in 2017 the stock market had a great year, gaining more than 20%. But, was that kind of gain justified, or should it worry us, especially after the market had already tripled in recent years? Of course, opinions differ. But, I think it's useful to understand the range of viewpoints [...]
Looking back, looking forward
Earlier this week the president took to Twitter with his financial outlook for 2018: “All signs are that business is looking really good for next year...Stock Market is poised for another year of SUCCESS!” While a tenth straight year of stock market gains would be unprecedented, I don't think any [...]
Protecting yourself from the unexpected and the unexplained
Through the course of life, there are some anniversaries that we enjoy celebrating. And then there are others that we'd just as soon forget. Last week the investment world celebrated one of the latter sort: the thirtieth anniversary of the stock market crash of 1987. It is worth remembering however, [...]
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