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Monthly Archives: March 2020
Reality: ‘The lower prices go, the more people have to sell’
It is important to understand that not all portfolios lose value in risk-off markets. The assets in ours have been rising through all of this. The clip below is a good summary of what’s driving the majority of financial assets … Continue reading
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Not a time to panic nor freeze
As I explained in February, coronavirus is a catalyst not a cause of a much-deserved and synchronized repricing in global asset markets. If you thought rising corporate security prices the past couple of years were justified, but that recent declines … Continue reading
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The predictable lift and crash of high leverage
When it comes to rising profits and asset prices, financial leverage (credit) often looks genius on the way up, then reckless and financially suicidal as trends reverse. Highly levered companies, households and investors have less ability to ride out income … Continue reading
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