by admin | Apr 9, 2021 | 2021, Q1
13 Months The last 13 months were like nothing I have ever seen. To remind you of the journey we have traveled together, here are excerpts from my articles in our 2020 newsletters. First Quarter Newsletter / March 31, 2020 COVID-19. A word I never heard of until five...
by admin | Apr 4, 2021 | 2021, Q1, Reversal
Reversal In the first quarter of 2021, we saw assets that did well in 2020 (i.e., bonds and “pandemic” stocks) start performing poorly. While areas that struggled last year (i.e., value and cyclical stocks) are now performing the best. Whether this trend continues...
by admin | Jan 12, 2021 | 2020, Lessons
Closing Out a One-of-a-Kind Year To say 2020 was unique is an understatement. The year seemed surreal — almost like living in a dream. No one could have predicted the significant effects of a pandemic, as well as the personal, governmental and societal ramifications....
by admin | Jan 11, 2021 | 2020, Lessons
The Lessons of 2020 After managing money for 30-plus years, I thought I had seen it all. I managed investments through the 1987 Crash, the 1998 Asian Crisis, the 2000 Tech Crash and the 2008 Financial Panic. Each of those huge bear markets came with their own set of...
by admin | Oct 12, 2020 | 2020, Perspective
A Little but Powerful Perspective Success in investing is behavioral. It requires patience and time. The latter we can do nothing about but the former is something over which we have control. It is never easy as we our emotional creatures living in a physical...
