The 2nd quarter saw a tremendous recovery in global markets, leaving many people surprised as the market seemed to move upward in the midst of a lot of bad news. This is not unusual, as the market is a leading indicator of expectations and will … [Read more...] about Quarterly Commentary (Q2 2020)
How To Lie With Statistics – COVID Edition
Statistical crimes are off the charts (no pun intended) in 2020. Why? It's easy to accept a chart or graph on the internet at face value without diving into it any deeper. A little book I love is a short read written by Darrell Huff in 1954 titled … [Read more...] about How To Lie With Statistics – COVID Edition
A Ulysses Contract
Ulysses (Greek name Odysseus) was the Greek King of Ithaca and the hero of Homer's Odyssey. After the Trojan War, Ulysses had a long journey back to Ithaca. Along the way, he had an extended visit with the witch-goddess, Circe, who advised him on the … [Read more...] about A Ulysses Contract
Revisiting Small Cap Value Investing
"The variance of happiness is how we are doing comparatively" -Annie Duke In September of last year I wrote about the declared death of small cap value investing (link). It was no secret at that time that US Large Cap Growth stocks had been … [Read more...] about Revisiting Small Cap Value Investing
Today is an Historic Day
I know in 2020 we have all become a bit numb to bizarre things happening, but the price of a barrel for West Texas crude oil dropped to negative $39.55 today. Yes, the producers are paying people to take it off their hands as storage facilities are … [Read more...] about Today is an Historic Day
Quarterly Commentary (Q1 2020)
The One Year Anniversary of Meredith Wealth Planning Before I dive into the quarterly commentary, I wanted to take a moment and mention that March 6th was the one year anniversary of starting this firm. My days at TheBANK of Edwardsville feel like … [Read more...] about Quarterly Commentary (Q1 2020)