Investment Strategy

A long time ago in a galaxy far far away I began working on Wall Street. The year was 1971 and I had joined a small firm making markets in over-the-counter stocks and options. My salary was $100 a week and it was Camelot. Back then we were able to walk right off the American […]

“If it stinks, doesn’t work, is incomprehensible and doesn’t make sense – it’s either economics or philosophy.” . . . Raymond DeVoe Ray DeVoe was a friend I met when he was working at Legg Mason. He was one of the best writers on Wall Street , and to this day, I miss his wisdom […]

Sacagawea lived from May 1788 to December 1812. She was a Lemhi Shoshone woman who is best known for her help guiding the Lewis and Clark Expedition in achieving their mission objectives by exploring thousands of miles from North Dakota to the Pacific Ocean. She helped establish cultural contacts with the Native American populations in […]

I was traveling last week seeing portfolio managers and doing gigs for our financial advisors and their clients. I have been doing such events for much of the past six months. The recurring question from clients is, “What about the national debt?” First, I would point out that when everyone is asking the same question […]