“The average man/woman is both better informed and less corruptible in the decisions he/she makes as a consumer than as a voter at political elections.”. – Ludwig von Mises” Where are we, at the end of March 2022? The problem with reporting the returns of the S&P 500 as a representation of the stock market Continue Reading >
December 2019 and Year 2019 Commentary and Investment Returns
An investment banker asks a fisherman, “What do you do when you’re not fishing”, to which he replies, “I sleep late, play with my children, take siestas with my wife, stroll into the village each evening, where I sip wine and play guitar with my friends. I have a full life.” The investment banker explains Continue Reading >
January 2019 Commentary and Investment Returns
“Be fearful when others are greedy. Be greedy when others are fearful” – Warren Buffett. Where are we, at the end of January 2019? Since December 24, the stock market has had an explosive, almost historic, move back up, regaining a little over half of what it lost in the precipitous decline that started in Continue Reading >