I recently received a call from a client expressing concern about the outcome of the recent United States presidential election. And the fiscal cliff. And the problems in Europe. Etc. He feared that the outlook may have dimmed for investors in common stocks. As is often the case during emotionally charged periods, his suggestion was … Continued
“You cannot help the poor by destroying the rich. You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot lift the wage earner up by pulling the wage payer down. You cannot further the brotherhood of man by inciting class hatred. You cannot build character and … Continued
Last weekend I took my Mom to see the Steven Spielberg movie “Lincoln.” If you’re looking for something in addition to turkey, football, and shopping this weekend, I gave the movie two thumbs up. The entire cast gives a great performance. Daniel Day Lewis is spot on as President Lincoln, and Tommy Lee Jones gives … Continued
At an investment conference in Chicago last week, I attended a presentation hosted by Erskine Bowles and Alan Simpson, authors of The Campaign to Fix the Debt. I agree with their assertion that citizens need to communicate with their elected officials NOW to address this problem and follow their bi-partisan plan. I did. Please do … Continued
President Obama has been re-elected. Whether you voted for him or not, I don’t know a single person who is going to miss the political commercials, emails, and robo-calls. (Except maybe the actors and agencies hired to produce them.) The day after the election, equity markets traded down on continued bad news from Europe and … Continued
NOW! As the song from “Annie” says, tomorrow is only a day away. In the invest world, tomorrow is always a day away. It is so tempting to wait for just one more data point or event. Should I wait until after the election, which is coming in just a few days? Then, should I … Continued
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