Rising Rates Causing Pain Across All Asset Classes
The Federal Reserve continues to keep short-term interest rates high. This has helped to bring inflation down from the highs seen last …
Bear Market Over, New Bull Market Underway
How many bear markets have we survived together? Answer: All of them. The number depends on how long you have been a …
2022, Don’t Let the Door Hit You on the Way Out
Good riddance to 2022! By all accounts, it was a tough year for every investor. The global stock market shrank by over …
Recession or Business As Usual?
When preparing to write our letter, we review our epistle of three months ago. After doing so, we considered changing the dates, …
“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.” – Sam Ewing
We live in a dangerous and uncertain world. We have recently been reminded of that fact when Russia invaded Ukraine in February. …