Like Traversing an Icy Stream

Like Traversing an Icy Stream

Investing during the month of December was like traversing an icy mountain stream. It delivered a staggering shock to the senses that triggered the instinct to, “Get Out!” When it comes to investing, that instinct is called loss aversion. For many people avoiding a...
The Behavioral Risk of a Market Melt-Up

The Behavioral Risk of a Market Melt-Up

Most financial press opinions can be dismissed out of hand. They don’t know what they are talking about, they don’t know your plan, and they are far to sensationalist to be of any real value to ordinary people. This is NOT the case with Jeremy Grantham. He is one of...
Investing at All Time Highs?

Investing at All Time Highs?

I first wrote about Mindful Investing At Market Highs in late 2014 (many points lower on, well, pick your index).  At the time, I was receiving MUCH verbal hesitation from folks about investing because – the market was so high. Today – the market (whichever one you...
The Market Response to Fewer Regulations

The Market Response to Fewer Regulations

This isn’t intended as a political discussion. I am not advocating for or against any particular policy. I am stating my belief that policies stack and have a negative aggregated effect on small start-up companies who have to overcome the entire stack just to begin...
Back to Reality…

Back to Reality…

After months of eerie calm, stock market volatility has returned. The CBOE Volatility Index (VIX) – a measure of how turbulent investors expect stock markets to be during the next 30 days – appeared to fall asleep in November 2016. For more than a year, a level of...
It’s about time. I was worried the market was broken.

It’s about time. I was worried the market was broken.

Thank goodness the markets corrected last week. The thing can’t just go up and up… and up. The return of volatility is the return to normal. We embrace volatility as the normal operation of healthy markets. In our January client letter we referred to the experience of...