What happened to the European debt crisis that caused so much market turmoil in August and September? What happened to the slow U.S. economy and mountain of government debt that caused the U.S. credit rating to be downgraded by Standard and Poor’s? To my knowledge nothing has happened to fix these situations, but don’t tell…
The third quarter of 2011 was the worst quarter for investors since 2008. You are going to hear that scary phrase a lot, so brace yourself. This is one of those times when I would like to swoop in with all kinds of good news and prove that things are not as bad as they…
John Maynard Keynes is known by most as a famous economist whose creative ideas on smoothing out the rough edges of the business cycle have proven repeatedly not to work. However, during his life he was also a money manager and one of the greatest of all time. His ideas on investing have influenced many,…
Our world, and by extension the investment markets that are a reflection of our world, seems to be suffering from a serious case of over-specialization. The advice most often given to the last generation of workers and professionals was to learn all one could about one thing. Become an expert in your field. This is…
Volatility is back in a big way. Since the downgrade of U.S. debt by S&P, the equity markets have been swinging wildly. There is a sense over the last few days that we have finally gotten past all of this as positive momentum has taken over, but I’m not so sure. We are investing in…
