Animal Spirits: Apocalyptic Thinking

On this week’s Animal Spirits with Michael and Ben… We discuss: Kobe Bryant and learning to deal with death Why did boomers own so many more homes at a young age than millennials do now? Have zero trading commissions led to increased trading? Why has the turnover of stocks increased in recent decades? Reasons for…

What the 2020s Will Look Like For the Markets

Understanding the markets boils down to a combination of studying the past, analyzing the present and preparing for the future. The future part is always the tricky one because we have no idea what will happen when it comes to any of the most important variables. But we can set expectations based on the general…

My NYC Don’t Fall For It Media Tour

I made a quick two-day trip to New York City at the end of last week. I like to be as efficient as possible on these trips because it’s no fun being away from my family for too long. Here’s what I packed into this one: Caught up with my colleagues at our firm’s HQ…

Asset Allocation Quilt Redux

The annual update of my favorite performance chart drew a number of good responses and questions. I’m going to go through two that I thought were worth some more digging: Question 1: Can you take this allocation quilt back 20 years? The past 10 years have felt like complete and utter domination by large cap…