Emotions are the enemy of most investors. Many refer to the emotions of fear and greed as driving the market. While we believe that is over-simplified and many emotions are involved in investing, this framework does provide a helpful message. A year ago we were saying don’t be fearful, while today it is just as important to not be greedy. Stay calm and keep making prudent decisions.
Human nature is a funny thing. We tend to forget history quickly and then project the current situation into the future. The only thing that is truly constant in our world is change, yet most of us do not deal well with change. We fail to recognize that it has happened and then we fail…
After the initial “Trump rally” in the aftermath of the election the markets have really just been chopping along. There has not been much for us to write about. There has been plenty of politics, of course, but as our long-time clients and readers know, I try to stay out of that as much as…
In recent days I have been reminded of 1992. The recession that played a role in President H.W. Bush’s failure to get re-elected was over. It was over before the election even took place, but no one knew that on election night. Practically the next day the economic recovery was made public and President-Elect Clinton…
America is a special place. As a country, we used to understand that. It is not special because we are from here; it is special because it is truly different from the rest of the world. One act, by one extraordinary man, made America different. George Washington led a bunch of colonists against the world’s…
