Since the beginning of the year, the stock market has dropped nearly 25%. That’s significant, but it doesn’t compare to the losses experienced by cryptocurrency investors. Dogecoin is down more than 90%, and smaller currencies like terra have lost essentially all their value. Even bitcoin and [...]
Time for a change
Each year, the investment consulting firm Callan publishes an illustration called the periodic table of investment returns. It illustrates the performance of key asset classes on a year-by-year basis. That information is widely available, but Callan’s periodic table is unique: Each asset class is [...]
Phillips’s four horsemen
Don Phillips is a former CEO of the research firm Morningstar. In a recent commentary, Phillips discussed what he called the “four horsemen of the investor apocalypse.” I hasten to add that Phillips isn’t predicting any kind of apocalypse. Rather, he wanted to highlight factors that can cause [...]
Ominous predictions
In a note to clients this week, Deutsche Bank analysts wrote that they expect a “major recession.” Are you wondering what to make of ominous predictions like this? Below are some suggestions. First, don’t panic. Yes, Deutsche Bank is a big institution. But it's worth noting that this week two [...]
Stock Tips
As you might guess, my favorite episode of Seinfeld was one titled “The Stock Tip.” It starts with a conversation between George and Jerry. “My friend Simons knows this guy Wilkenson,” George says. “He made a fortune in the stock market. Now he’s got this new thing.” George goes on to explain that [...]
