19 Jul 2021

How Many Stocks is Too Many?

Warren Buffett once said that ‘diversification is protection against ignorance. It makes little sense if you know what you’re doing.’ I’m a Buffett fan, but this quote always bothered me because we know what we’re doing and we’re highly diversified. The question of how many stocks you need to have a diversified portfolio seems less asked today than it was when we got started 20 years ago, perhaps because you… Read More

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13 Jul 2021

Portfolio Insights

We are pleased to provide a digital copy of Portfolio Insights, our quarterly newsletter. Table of Contents: Stock Market Summary Bond Market Review Looking for Yield The Big Picture Click here to read the issue: Q2 2021 Portfolio Insights

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12 Jul 2021

When You Think One Thing, Think Again

Over the past few months, markets and investors were worried about the possibility of inflation coming back. And, there was and is good reason for concern: the economy is rebounding quickly, finding examples of labor shortages is easy, there is still massive monetary stimulus in place, and there are discussions of even more fiscal stimulus to come. I’ve personally been a little bit skeptical, mostly because I remember all of… Read More

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6 Jul 2021

Happy Birthday America!

Over the last few months, I’ve been bothered by what’s happening to Jack Ma, the co-founder of the Chinese version of Amazon, Alibaba, and Ant Financial, the massive digital payments company that boasts the largest money-market fund in the world. I genuinely don’t understand how a Communist country has billionaires, but Jack Ma’s fortune is estimated to be almost $50 billion. Last October, Ma gave a speech that criticized Chinese… Read More

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