Monthly Archives

January 2016

Riding It Out

There’s an old Chinese curse: ‘May you live in interesting times.’ Unfortunately, the times are REALLY interesting. So, I thought I’d take the opportunity to bring you up to date on some of the ‘interesting’ things we see, what we’re thinking about…

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Why Investors Fail

Like all the children from Lake Wobegon, I am sure all my readers are above-average investors. But I am also sure you have friends who are not, so in this letter we will look at the reasons why they fail at investing, and how they should analyze funds and determine risk.

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Learn to Love the Bear

The WSJ recently had a wonderful letter by Jason Zweig, from which I’d like to quote extensively: When you bought into the gospel of “stocks for the long run,” did you have any idea how long the long run can turn out to be?

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Learning How to Think (like a Fox, not a Hedgehog)

Early March, I sent out a letter to all my clients with the byline ‘It is scary’. The basic premise of that admittedly long letter was that we were experiencing what I’d like to call a ‘bubble of pessimism’. I recommend a reread of that letter – the lessons have since been burned into your portfolio.

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The Foolishness of Crowds

There’s an excellent article in the April 9th, 2011 edition of The Economist under the byline ‘The Foolishness of Crowds’. In many instances it’s been shown that the judgment of a group (or crowd) is often superior to that of the most skilled individuals within the group.

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Obamacare and You

Until recently, it was unclear what, if any, parts of the healthcare overhaul would survive the Supreme Court’s ruling. When the court affirmed the law, investors – and tax advisors – found themselves facing a new financial landscape.

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