In the Long Term, the Absolute Trumps the Relative

Most of us remember the dot com bubble. We would buy a technology stock trading at 60 times its earnings estimates and think this was a tremendous deal as compared to other technology stocks trading at over 100 times or even 1,000 times their earnings. When the bubble...

May The Odds Be Ever In Your Favor

I recently watched all of the movies in the Hunger Games series (admittedly becoming a bit jaded after the second installment). President Snow was the elegant and soft-spoken leader of Panem, a fictional country overrun by poverty. He was reviled by his subjects...

The Bond Bubble That Isn’t

After experiencing two major asset bubbles in the last 15 years, we find ourselves on constant bubble alert. The Sherlock Holmes in each of us is inspired to investigate which major asset class is set to experience the next spectacular fall. What common investment is...

Buyer Beware – Yield is Not Return

In today’s low interest rate environment, don’t let the search for yield cause you to take on more risk than you were bargaining for. In fact, it could be argued that the higher an investment’s yield, the higher its risk and the higher the chance this investment could...

Cash – Revisiting an Old Friend

The next time you look at your financial assets, I ask that you not forget about your cash. Cash has become the ugly stepchild of the financial world over the last few years. We cast it aside, look at it crossly, and ask it why it couldn’t generate more than 10 cents...

The Dilemma of Market Volatility

Depending on our ages and our respective time horizons, we each experience a different feeling during market declines when downside volatility picks up. I compare it to when I’m in an airplane and the flight hits moderate to major turbulence. I think through all the...