The Difference Between Theory and Practice

The Difference Between Theory and Practice

“In theory, there is no difference between theory and practice, in practice there is.” Yogi Berra was talking about baseball, but the concept also applies to diversification, according to the GMO White Paper, The S&P 500: Just Say No. From the title, you might...
Once upon a time, five blind men discovered an elephant…

Once upon a time, five blind men discovered an elephant…

Once upon a time, five blind men discovered an elephant. Each man examined a different part of the elephant and formed a unique impression about the animal. One believed an elephant was like a pillar, while another decided an elephant was like a snake. In recent...
Markets Around the World

Markets Around the World

The Markets Around the world in a few paragraphs… The post-election adrenaline rush may be over in the United States. Is the “reality” of the Trump presidency setting in? Or, is this merely a brief pause before optimism becomes growth? Barron’s reported: “The new year...
As 2017 Opens: It’s Optimists vs. Pessimists… Again

As 2017 Opens: It’s Optimists vs. Pessimists… Again

The Markets in 2017 …And, they’re off! Bullish sentiment helped world equity markets get off to a fast start last week. Just name a country or region – developed markets, emerging markets, the United States, Latin America, Asia, Europe, the United Kingdom – and it’s...
Confidence is Up and Markets are Up

Confidence is Up and Markets are Up

IT’S THE MOST WONDERFUL TIME OF THE YEAR! Dad: “Fra-gee-lay” …it must be Italian! Mom: I think that says “fragile,” honey. Dad: Oh, yeah. This holiday season, investors’ enthusiasm for U.S. stocks has rivaled old man Parker’s passion for his major-award leg lamp in ‘A...
Risk and The Post-Thanksgiving Food Coma

Risk and The Post-Thanksgiving Food Coma

FIRST, THE FOOD COMA IS A MYTH.  According to WebMD, the amino acid L-Tryptophan is not responsible for Americans’ post-Thanksgiving food coma. The real culprit is overeating. So, last week’s post-feast sleepiness can be blamed on big appetites. And, this might not be...
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