Tag Archives: Investing

Diversification’s Gold Standard

Posted on July 25, 2019 by

I am an advisor with a past, a past managing global bond funds. For over twenty years, I invested in a vast array of markets and bond sectors around the globe. These included sectors like high yield and emerging markets … Continue reading →

Posted in Asset Allocation, Equities, Investing, Market Cycles, Rates, Volatility | Tagged , , , ,

Jeopardy and Understanding Your Goals

Posted on April 16, 2019 by

On April 9, 2019 James Holzhauer broke the figurative bank on Jeopardy by winning $110,914 in one day. The previous one day record was $77,000. James did it by going after high value clues first, by seeking out the Daily … Continue reading →

Posted in Goals, Investing, Planning | Tagged , , , | Leave a comment

Hitting ‘Em Where They Ain’t

Posted on March 19, 2019 by

 “Keep your eye on the ball and hit ‘em where they ain’t”                                                          … Continue reading →

Posted in Asset Allocation, Bonds, Currency, Equities, Investing | Tagged , , , , | Leave a comment

Portfolio Management: Cooking With Hamburger Helper

Posted on March 7, 2019 by

Betty Crocker introduced Hamburger Helper in 1971. You took chopped meat and mixed it with what, in essence, was filler to complete the meal. Much of active management works the same way.
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Posted in Equities, Investing, Volatility | Tagged , , | 1 Comment

Diversify When the Upside Is Limited

Posted on February 12, 2019 by

While having lunch with a client recently, I asked about his attitude towards risk.  His half-joking response was that he would like high returns with no risk. I’ve heard similar sentiments echoed many times down the years. We all want … Continue reading →

Posted in Credit, High Yield, Investing | Tagged , , , | Leave a comment

Baseball and Stocks: Games of Failure

Posted on January 28, 2019 by

Remember that the best hitter in baseball this year will fail 65 percent of the time. — George Will Mookie Betts hit .346 in 2018, failing 65.4% of the time.  Mr. Betts reached base more often than his batting average … Continue reading →

Posted in Equities, Investing | Tagged , , | 9 Comments

Markets Fluctuate

Posted on October 18, 2018 by

“Markets fluctuate.” That was the entire comment by Ace Greenberg, the CEO of Bear Stearns, in a special issue of Institutional Investor magazine dedicated to opinions from the great and the good regarding the causes and consequences of October 1987’s … Continue reading →

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Incentives Matter

Posted on August 8, 2018 by

We’ve had a Toyota RAV4 for over eight years now. It’s been great because it’s reliable and can hold a ton of stuff with the seats down. However, every once in a while we receive a recall notice from Toyota, … Continue reading →

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Home Is For Your Heart, Not Your Portfolio

Posted on August 2, 2018 by

A number of years ago I took over a portfolio that held corporate bonds from both developed and emerging markets. As I looked through the holdings a name popped out at me, Ipiranga. I turned to my credit analyst and … Continue reading →

Posted in Credit, Emerging Markets, Equities, Investing, Market Cycles | Tagged , , , | Leave a comment

Is This Time Different?

Posted on March 30, 2016 by

I’m a cyclist.  Typically, I ride the tarmac, but in the cold my friends and I will get out our mountain or cyclocross bikes and hit the dirt roads. Those roads are sheltered, offer stunning scenery and have enough steep pitches to ensure a … Continue reading →

Posted in Cycling, Investing, Market Cycles, Trade | Tagged , , | 3 Comments