January 23, 2020

2019 capped off a pretty wild decade, which started with the recovery from the Great Recession, included European crises, Occupy movements, widespread unrest referred to as the Arab Spring, major developments in the War on Terror, new styles of leadership emerged in ma...

October 10, 2019

Hooray! We are now in the longest period of economic expansion in U.S. history (June 2009 to present), having recently surpassed the prior record of March 1991 to March 2001^1 The last two recessions were especially painful in the equity markets due to excesses built d...

Several ancient Greek philosophies incorporated the notion that wisdom was demonstrated by equanimity in the face of the external world. The Stoics expressed this wisdom through the word “apatheia,” Epicureans through “ataraxia,” etc. The key to attaining wisdom is stu...

The Pause That Refreshes


Halfway through 2015 the S&P 500 is flat, a refreshing pause from the current stock market advance that began in March 2009. It is now the second longest bull market since 1962 and the third largest in terms of appreciation in over fifty years....

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