Blog Archives

Investment Price Inflation: When A 10% Annualized Return no Longer Suffices.

Question. What produces a 10% annual return in the equity markets yet loses buying power? Answer. Any equity product that earns a 10% annual return loses investment purchasing power when equity investment inflation is greater than 10%. Huh? What the

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A Massive, Overlooked, Secular Trend.

Q. What has demonstrated a compounded annual growth rate (CAGR) of 10% per year for the past 13 years? What puts on a growth spurt each and every time an economic crisis presents itself? What typically results in inflation when

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Secular Investments for a 21st Century Cold-War Era.

In the year 2020, with the potential banning of TikTok and WeChat to American users, based upon potential national security threats, the public is gradually, somewhat begrudgingly, becoming aware that the world is NOT the same in terms of personal

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20th Anniversary of the Large Cap Model Portfolio. Some Reflections Over That Time and Lessons Learned.

The model portfolio was started on July 8th, 2000. From the outset, the purpose of the portfolio was a real world test of a long held premise. It was my contention that one could bridge the gap between active management

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A Fast and Easy Explanation as to Why Equity Indexes Are so Resilient Against the Backdrop of a US GDP Decline of More Than 1/3 in Q1-Q2 , 2020.

Retail and many institutional Investors are flummoxed when pressed to frame a response to the simple question: “With the US GDP decline of more than 1/3 in the first half of 2020, why aren’t stocks down equally, or worse, considering

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