Newswire

The Market and the Economy are not the same

We’re now into the last week of the first half of 2020 – and what a six months it has been!  The news for capital markets has been mixed, as markets have tumbled frighteningly and then rebounded smartly.  If one were to naively look at market levels at the start

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Have You Considered Retiring Later?

There are countless pieces of advice regarding retirement planning out there.  Some of them deal with lifestyle issues (How will you fill your day?  Are you sure your spouse shares your vision of how time in retirement will be spent?  What will you do to stay sharp now that you’re

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I Don’t Know Means I Don’t Know

For a generation now, the women’s movement has engaged in a worthwhile and important campaign regarding sexual consent called “No Means No”.  What I want to touch on today is considerably less noble, but still part of what I believe is a systemic societal problem.  It involves people who know

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Same Facts; Different Spin

Narratives have a funny way of taking on a life of their own.  In particular, there are some facts that are clear and undeniable, but those facts can be (and often are) interpreted in radically different ways.  Competing narratives can go a long way in explaining the psychological makeup of

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More On Japan

The Japanese experience of the last 30 years has resulted in a lost generation and a half of market returns.  I wonder what financial advisors in downtown Tokyo were saying to their clients around New Year in 1990.  Were they concerned about valuations?  Did they go out of their way

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