Monthly Archives: November 2008

The late date rally on Friday was long, long, overdue. Sadly even with 5%+ gains, the markets still finished steeply lower on the week. The carnage of 2008 while not unprecedented will be legendary on all metrics. When markets become … Continue reading →

Watching the auto bailout hearings the past couple of days has been riveting. I believe business history will record this episode as a low point for both capitalism and unions. Business schools will teach the story for decades to come … Continue reading →

Off to speak at the CFA Institute Asset Allocation for Private Clients conference in Atlanta, Georgia. My topic: “When to hold 'em and when to fold 'em: Investment policy that real life people can stick.” That is, so long as … Continue reading →