Archives: Markets


  • Iron Capital Perspectives
  • January 2020
  • Iron Capital Advisors

Fourth Quarter 2019

The Setting Every Community Up for Retirement Enhancement (SECURE) Act is the biggest change in retirement plan law in a long while. Has our federal government made you more secure?


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  • Iron Capital Perspectives
  • November 2019
  • Iron Capital Advisors

Third Quarter 2019

Trade and the Fed: These two items were the top stories of the third quarter. The Fed has begun easing rates to help a slowing economy, but the slow growth is coming from the trade war.


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  • Iron Capital Perspectives
  • Second Quarter 2019
  • Iron Capital Advisors

Second Quarter 2019

The Index is not the Market. The idea behind index investing is that the index is supposed to represent the market. One problem with this concept is that the index is just a sample of the market and, like any investment portfolio, it is a sample selected by someone. Often the index does not really tell the full story.


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  • Iron Capital Perspectives
  • First Quarter 2019
  • Iron Capital Advisors

First Quarter 2019

Ultimately all these ideas persist because of the fatal flaw of economics as a science. In the hard sciences the scientific method requires a control – this group gets the experimental treatment while this other group gets a placebo. The treatment works or it does not. There is no control group in economics. So what are investors to do?


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  • Iron Capital Perspectives
  • January 2019
  • Iron Capital Advisors

Fourth Quarter 2018

The market can in fact be wrong, and I believe it is wrong right now. However, John Maynard Keynes was also correct when he famously said, “The market can stay irrational much longer than you can stay solvent.”