June Swoon

“Most people overestimate what they can do in one year and underestimate what they can do in ten years.” ― Bill Gates The June Swoon is an old Wall Street adage… Read more »

The Other Free Lunch in Investing

Harry Markowitz, the father of modern portfolio theory, is credited with the phrase “diversification is the only free lunch in finance.” I have nothing but the utmost respect and admiration for Mr. Markowitz and… Read more »

Groundhog Rates

When it comes to the bond market, the past eight years or so have felt like a scene from the movie Groundhog Day.  Only instead of Ned Ryerson, it’s been Ned… Read more »

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