“Strong January” Playbook Update
By admin_45 in Blog

“Strong January” Playbook Update

Our “Strong January Playbook”, or historical analysis of what happens after the S&P 500 has outsized gains in January, continues to work each month of 2019 almost to a T. Abnormally strong January returns – like this year – have...

Darwin and Debt
By admin_45 in Blog

Darwin and Debt

Today (Sunday) marks the 160th anniversary of the publication of Charles Darwin’s “On the Origin of Species”; I am celebrating the event by visiting the Creation Museum in Petersburg, Kentucky this afternoon. Long time readers may recall...

Bad News: Americans Are Saving Again
By admin_45 in Blog

Bad News: Americans Are Saving Again

Saving money is good for individuals but bad for the economy as a whole. That is the “paradox of thrift” mentioned everywhere from the Bible (Proverbs 11:24) to Keynes’ economic theories still in use today. Modern developed economies have...

Market Volatility? Whatever…
By admin_45 in Blog

Market Volatility? Whatever…

“Risk is the feeling of disutility caused by uncertainty.” That is the definition I learned at Chicago in business school and it has stuck with me for the last 30 years. Most of all, I like that it frames risk in personal terms (“how do...