Do you ever wonder why some stories get a lot of press and others, which seem more important, do not? I read The Wall Street Journal, The New York Times and The Washington Post daily, and I get constant news updates on economic issues, specifically on all of our holdings. Over the last few years…
Lots of people struggle with math. I am married to such a person, which helps me understand. To risk stating the obvious, I am not one of those people. Math always came easily to me, as it does for most people who grow up to be analysts and portfolio managers. Sometimes I need to be…
2012 has gotten off to an interesting start. Over the last three weeks Greek bondholders have stood up and told the world that they are not going to roll over and green light just any EuroZone plan to avoid total collapse. France has been downgraded, as has the European rescue fund itself. Flagship firm Goldman…
How to describe 2011? Many famous quotes come to mind. First, Charles Dickens, with, “It was the best of times, it was the worst of times.” Also the Grateful Dead, with, “What a Long Strange Trip It’s Been.” I think they both work. The only thing I am certain about regarding 2011 is that I –…
Some of you may be wondering why we have not pontificated on all the market movement of late. But the more things change, the more they stay the same: Since we last communicated, markets rallied strongly and are once again retreating. The latest market rally was sparked by better-than-expected economic news and the appearance of…
