Volatility Does Not Measure Risk Emotional Traps Volatility is driven by emotions, primarily fear and greed, and rarely do changes in fundamentals impact prices in a single day or week. Instead, relevant trends develop over time so the constant movements of prices in a portfolio on a daily basis tell an investor next to nothing…
Volatility Does Not Measure Risk
Never Bet on Our Government
Never Bet On Our Government Government Is Not Predictable In the summer of 2012, the Investment Committee made the decision to sell all coal stocks and buy solar energy stocks only if President Obama were to win a second term in November of that year. Our thesis was predicated upon the belief that if Obama…
Thought of the Week: A Nightmare on Main Street
A Nightmare on Main Street No Evidence of a Plan The Employee Benefit Research Institute (EBRI) recently published statistics on how most Americans are saving for retirement that are more frightening than even the most gruesome Halloween costume.