Investment Commentary

June 30, 2017

2nd Quarter 2017: Bedpans and Bull Markets

BEDPANS AND BULL MARKETS I called home from college in the spring of 1989 to […]
March 30, 2017

1st Quarter 2017: Market & Economy

MARKET & ECONOMY Markets higher in Q1 as investors eye Washington There was no shortage […]
March 30, 2017

1st Quarter 2017: Reagan, Trump and the Chevy Vega

REAGAN, TRUMP AND THE CHEVY VEGA My father’s response to the oil embargo of 1973-74 […]
December 31, 2016

4th Quarter 2016: Market & Economy

MARKET & ECONOMY 2016 was a productive year for investors, with most major asset classes […]
December 31, 2016

4th Quarter 2016: Jackson Lake

JACKSON LAKE Back in 1991, two friends, Ben Naylor and Jeff Elias, and I decided […]
December 13, 2016

It’s Always Tuesday Morning: Timing the Market

One Tuesday morning in July of 2008, one of my favorite clients (let’s call him […]
September 30, 2016

3rd Quarter 2016: Market & Economy

MARKET & ECONOMY The third quarter brought much less volatility than we saw in the […]
September 30, 2016

3rd Quarter 2016: Brown Cows & Black Swans

BROWN COWS & BLACK SWANS My niece, Martha Kate (15) was crestfallen when the veterinarian […]
June 30, 2016

2nd Quarter 2016: Market & Economy

MARKET & ECONOMY Much like in the first quarter, the stock market sold off sharply […]