Right Here, we are deluged with more and more data about people getting COVID-19. We read about states reintroducing shutdowns. It seems all is getting worse. Do you know, Right Now, there are over 400 (yes, 400) potential treatment options and 150 vaccines in development? 

As the magnitude of this unprecedented turmoil has taken hold of the country and the world, it has been very hard to fathom.  It is difficult to make sense of the carnage and the loss—the loss of lives, first, of course, then the loss of jobs and losses in the markets.

Where are we now?

Please get ready NOW for the hyperbolic and scary rhetoric from presidential candidates and the media from now until November 2020.  This or that candidate will inform us that everything will become a disaster if some other person is elected.  Please know this NOW: We shall stay calm, and we generally (I don’t want to be absolute) do not make investment decisions based on ho

Please get ready NOW for the hyperbolic and scary rhetoric from presidential candidates and the media from now until November 2020.  This or that candidate will inform us that everything will become a disaster if some other person is elected.  Please know this NOW: We shall stay calm, and we generally (I don’t want to be absolute) do not make investment decisions based on ho

As a practitioner, I’ve found the findings and ideas discussed in the articles to be very true. 

https://www.cnbc.com/2019/05/13/i-took-yales-most-popular-class-ever-and...

Three months ago in my last letter I wrote about ‘anti-fragility’: that the downturn we experienced in the stock market at the end of 2018, while upsetting, was NOT the end of the world. It was an occasion to review our portfolio and get better.

Where are we now?

Warren Buffett on why bubbles happen: People see neighbors 'dumber than they are' getting rich

Even if you bought the market the day before Lehman collapsed you'd still be up a whopping 130%

Mike Santoli says buying into the teeth of the crisis is a testament to the power of time to heal portfolios — and the virtues of adding exposure any time the market is down 20 percent.