There was a time, not too long ago, when these memos came quarterly instead of weekly. And traditionally we put a lot of effort into our “Year-End Wrap-Up”. One year, which we believed was a particularly eventful year, we used the memo to [...]

We have said it before and we will say it many, many more times. Washington and Wall Street are inextricably linked. It is one of the more frustrating parts of the job. At times, we feel like this memo becomes more about political analysi [...]

Over the years, we have learned that this industry is very cyclical. Certainly, we mean cyclical in the big picture way of swings in market and economic success. But also cyclical in activity. For example, we always know the month before [...]

Last week, we spent considerable time talking about end-of-year planning – both in portfolios and for clients’ personal financial plans. This led to several good questions coming from clients about their personal goals, and some additiona [...]

Happy Thanksgiving! We hope you had a wonderful holiday. While many families were not able to get together as they normally do, the Thanksgiving holiday is still one of our favorites around here. Beyond the great food, family, and footbal [...]

It’s been a year, hasn’t it? Some time ago, at the end of the 2015, we wrote a year end memo for clients. The memo was organized by month and walked through all the major events of the year and how they impacted portfolios. Can you imagin [...]

This week we are going to do something we have not done in a while. We are going to write a memo (largely) devoid of discussions of politics or COVID-19. We are sure this will not last…but it sure feels good right now! All the talk of the [...]