George Bailey had grand aspirations. He planned to leave the crummy town of Bedford Falls and explore the world. When his father asked him if he'd ever consider returning someday to run the family Building and Loan, George responded: "I couldn't … [Read more...] about It’s a Wonderful Market
Financial Markets
Warren Buffett: Buy American
Last month was the 10 year anniversary of Warren Buffett's historic Op-ed in the New York Times titled "Buy American. I am". Financial markets were quite scary when this article was released. Since the wisdom of Warren Buffett is much greater than … [Read more...] about Warren Buffett: Buy American
The Economy is Good, So Why Are Stocks Falling?
"Don't just do something, sit there!" -John Bogle Most available economic data suggests things are going quite well. The unemployment rate is 3.7%, which is the lowest in 49 years. Third quarter GDP came in at 3.5%, which solidified the best … [Read more...] about The Economy is Good, So Why Are Stocks Falling?
Fake News (Finance Edition)
The purpose of fake news is not to change the mind of the audience, but rather reinforce the beliefs which the audience already has. Today, when we hear the term "fake news" we think of politics, but fake news is also very rampant in … [Read more...] about Fake News (Finance Edition)
What to Remember When Markets Fall
"Don't do something, just stand there!" -John Bogle This happens often. The average intra-year decline of the S&P 500 is 13.8% per year. 2017 was an exception with the largest top to bottom drop being only 3% [1]. There have been 152 declines … [Read more...] about What to Remember When Markets Fall
A Terribly Good Time
There has been an interview circulating through the financial media recently with long-time Fidelity investment manager, Joel Tillinghast. During the interview he is asked "How does this market feel to you?". Here is his response: "How do you … [Read more...] about A Terribly Good Time
