Are You Afraid to Fly? Why?

Recently released global airline accident data indicates that not a single airline passenger suffered a fatality from a jet crash anywhere in the world in 2017.  This is almost an unimaginable safety milestone, even though the average number of airliner accidents and fatalities has been declining since 1997. While there have been a few fatal … Continued

How To Respond To A Data Breach

On September 7th, Equifax announced that the personal information of 143 million U.S. consumers was stolen from their servers.  Hackers stole data that included full names, birth dates, Social Security numbers, and addresses.  This breach is one of the largest, and some say most damaging, to date. We understand that there are a lot of … Continued

Shareholder Rights: The Latest Salvo

In recent blogs we have noted that there has been an increase in large investor concerns over a trend toward a reduction in shareholders’ rights. Now we have the managers of the S&P 500 taking a stand in favor of shareholders’ rights by announcing a new policy that would bar new admissions to the index … Continued

Primum Non Nocere

This is a Latin phrase that means, “first do no harm.” Non-maleficence, which is derived from this maxim, is one of the principal precepts of bioethics that all healthcare students are taught in school and is a fundamental principle throughout the world. This approach to the practice of medicine enjoys widespread support and seems to … Continued

Oil Prices, Rig Counts and Day Rates

The price of oil has proven to be remarkably difficult to predict.  While the long term outlook is likely to reflect supply and demand, near-term fluctuations have been prone to sharp, often inexplicable price changes. For at least fifty years, conventional wisdom was focused on the eventual depletion of all known reserves and an ensuing … Continued

A Super, Super Bowl

The just played Super Bowl may well have been the most exciting in the games 51 year history. The biggest comeback in history! First Super Bowl to go into overtime! Hopefully, the last word on Inflategate. The game also has a useful lesson for investors.  Don’t forget what got you there.  When markets are going against … Continued

You’re Only as Good as Your Team

Virtually all human endeavors involve team work to some extent.  In sports, the application to team sports is obvious.  Even in sports where the individual appears to be crucial, a team is still a major factor.  For example, NASCAR drivers, no matter how talented, depend on the mechanics who set up their cars and the … Continued

Financial Advisors

Investopedia, a privately owned for-profit American website that focuses much of its content on investing education and financial news, recently conducted a survey that concluded that investors using digital advisors are nearly as happy as those who work with traditional advisors.  However, most respondents indicated that there are certain services that warrant human help. The … Continued

Where’s Waldo

On several occasions over my career providing wealth management counseling to clients, I have run across the phrase from new clients that, “My broker doesn’t charge me.”  I usually ask, “Do you work for free too?” The confusion comes in when one does not explicitly “write a check” for services, but instead, has fees that … Continued

The Vote

Voting in the Michigan primary today, I began to ponder how we got into the political mess we’re in. I am enamored of neither of the leading parties’ leading candidates.  It appears likely at this stage that one of them may end up being president, unless an indictment surfaces for one, or anger subsides and … Continued

Know and Believe Are Not Synonyms

In making investment decisions it is important to understand the difference between that which we know and what we believe.  They are not synonyms. According to, know is defined as, “to perceive or understand as fact or truth; to apprehend clearly and withcertainty.”  Believe is defined as, “to have confidence in the truth, the … Continued