July 2017

The Constant Reminder

One of the benefits, maybe the only benefit of watching the market as closely as I do, being that I’m not an active trader, is that I’m constantly reminded that I have no idea what’s going to happen. The S&P 500 (total return) has experienced eight straight years of gains. It’s been five and a…

These Are the Goods

Articles What has momentum today might not have momentum tomorrow. What looks like quality today might look like crap tomorrow. By Cullen Roche Active investors hold far, far more sway than a handful of index fund managers, which is why the stock market continues to go up and down every day. By Dave Nadig The…

Today in Market History

In a New York Times article from July 7, 1932, Urges Minimum For Stock Prices, the author wrote, “In the belief that the stock market has ceased to be a reliable yardstick of values, some business leaders are discussing the advisability of establishing minimum prices for securities as a means of establishing confidence in industry.”…

Music To my Ears

I don’t know where we are in the podcast cycle. Is it completely saturated or are there room for more entrants? I spend a lot of time with headphones on and I welcome the supply, the more the merrier. While it’s impossible to listen to everything, there’s nothing wrong with dropping something when a better product…

The Financial Nutrition Labels

Investors hire an advisor to help them achieve their financial goals. But what if the person they chose to work with is not properly measuring these goals? What if an objective third party would confirm that they aren’t? And what if an advisor isn’t even tracking their goals in the first place? The State of…

These Are the Goods

Articles More informed clients make better decisions, and better decisions lead to better client outcomes. By Jack Vogel The 1,900 most minuscule companies combined are only 2% of the total value of the U.S. stock market. By Jason Zweig Brute-force honesty in an industry plagued with concealment is a great way to build trust. By…