I’ve never liked the way many analysts refer to market headwinds as if they are always negatives. Let me explain. I had the pleasure this summer of going on a sailing trip with two of my boys. We left Newport Harbor and sailed 27 miles to Catalina Island, where we spent a couple days exploring.…
My home office has a program to help protect our company from fraud. They regularly send phony “scam” emails to all advisors, trying to trick them into falling for them. If we do, we joke about having to wear the “cone of shame” for our error. The effort has successfully trained us to question everything…
In one of my very first economic classes the professor said, “U.S. government bonds are considered risk-free investments because of the governments’ unlimited taxing ability.” Even at my young age I considered that an arrogant statement, and one that if truly believed could lead to all kinds of political mischief. Congress is currently considering the…
The new autopilot in my airplane is an amazing piece of technology. It can navigate a detailed flight plan with precision no human could replicate. Even when turned off, it quietly monitors the flight and intercedes if the airplane enters an unsafe attitude. If a pilot completely took their hands off the controls, as the…
My brother-in-law John was a well-respected car salesman in our community. He was unique in his field as those who went to him knew they would be treated fairly. I went to him one day to buy a vehicle for our growing family. He asked what I was looking for and I laughed as I…