There is an oft-used metaphor of an iceberg where the mass above the water is only about 13% of the total size. What is seen on the surface is only part of a much larger story.
We rounded out the year with a seemingly strong US stock market, evidenced with an S & P 500 returning 16% for the year.* Some might surmise that this means that our economy and consumers are in good shape… Let’s dive in.
Read More“Rule number 1: Never lose money. Rule number 2: Never forget rule number 1.” —Warren Buffett
It’s a funny witticism of Warren Buffett’s when you consider that no one has a crystal ball and it seems to conflict with another investment understanding: “the greater the risk, the greater potential reward.”
Read MoreIn a recent economic and market update, a well-regarded analyst described a negative consequence as a “mathematical downgrade.” This description seemed unusual—and not only because everything we do involves math.
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