27 Oct 2025

Get Up and Dance

Last week, I wrote about Alan Greenspan’s now-famous phrase, “irrational exuberance,” and made the case that timing the market is, at best, a fool’s errand. Greenspan uttered those words so early in the tech bubble that investors who sold after his warning and sat in cash ended up with roughly the same post-crash results as those who stayed invested through the rise and fall. This week, I found myself thinking… Read More

17 Sep 2018

Remembering Lehman Brothers: What Have We Learned?

Five years ago, at the five-year anniversary weekend remembering the collapse of Lehman Brothers, I wasn’t ready to deal with the bad memories of that terrible time. Granted, what happened 10-years ago in financial markets was not like being in a war, a natural disaster, sick with a terrible disease or the victim of a terrible crime, but it was still upsetting to me (no doubt because I live in… Read More