Investment Strategy

“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 […]

“ . . . A man has rigged up a turkey trap with a trail of corn leading into a big box with a hinged door. The man holds a long piece of twine connected to the door that he can use to pull the door shut once enough turkeys have wandered into the box. […]