Last year reminded everyone that investing is hard. It can be uncomfortable and unpleasant. Market volatility can diminish willpower and cause determination to waver. The main risk is not portfolio declines. The real risk is that instincts override the discipline investors need to achieve their long-term plan.Read More
It’s natural to wonder about the next bear market. The risk – a bigger risk even than portfolio declines – is that wonder turns to fear and fear leads to action.
It is important to be mindful but not fearful. Here are some thoughts and predictions about bear markets to add some context to concerns.Read More
In sum, everyone should take a moment to appreciate 2017 and pat themselves on the back. As always, the world offered many causes for concern. You overcame skepticism, remained disciplined, and profited.Read More
"Anyone who isn't confused doesn't really understand the situation." -Edward R. MurrowRead More
As Brexit demonstrated, knee-jerk reactions can be imprudent. Advising clients through myriad momentous events over the last 27 years tells us that it is generally necessary to take a deep breath and let the implications unfold.