Month

Hope all goes well… “What do you want to focus on today Charlie?” I asked, driving to practice. “Ground balls, getting open,” he said after a bit of reflection. “Both important parts of the game, sounds like a good plan,” I said. “Know why I don’t like doughnuts Daddy?” he asked, moving quickly from lacrosse to matters of substance. “Why little man?” I asked. “My mouth gets dry whenever I think about them.” I laughed

“Every market has its generals,” said the CIO, atop the hill, surveying the battlefield. “Bull markets march onward, upward until their leaders die,” he said, lowering his binoculars, smoke rising from the valley floor. Banks led the last great bull market. Fueled by reckless lending and leverage, loose regulation, moral hazard, and the wondrous illusion of boundless riches that accompany all reflexive markets, these

Hope all goes well… “How’d I do out there today Daddy?” asked Charlie. “You looked good little man. But did you have fun?” I asked. “Yeah, sure did.” That’s all that matters. My 4th child, my last time coaching 3rd grade lacrosse. “Do you prefer being cold or hot?” he asked, cheeks beet red, a chilly first practice under our belt. “Well, I’d rather freeze to death than burn,” I said. “Same,” he replied, moving on. “W

“I’m going to puke,” said Mara. We waited for the call, the text, the result. Our daughter Olivia was attempting the impossible. “Tell me she’s going to make it,” whispered Mara. I quietly considered the odds. Sighed. Olivia is a force of nature, her spirit pure Olympic Gold. But there’s one problem. She’s tiny. Usain Bolt trapped inside a pipsqueak. “We should have heard by now.” Olivia flew to California alone. I’d

Some investors bought stocks. Others purchased bonds. The two in combination held certain appeal. 60% of the former and 40% of the latter seemed like good round numbers. So it went for decades. In fact, it still does. But we improve in all pursuits. And as we sought to enhance investment returns, we discovered the power of diversification. Our business schools taught every eager attendee that it represents their only

Hope all goes well… “Mate, seriously, what the hell is going on with your country?” asked my old buddy, Sunny in Sydney. Spent the week in Australia. Singapore too. And in my decades of travel, discussions, debates, never has this one question dominated all others. “America has actually become the Gong Show!” he cried, pulling up his iPhone newsfeed, replete with porn stars, trade wars, revolving doors. Bump stocks a

“The period between now and 2020 will be decisive in finishing the building of a moderately prosperous society in all respects,” said Xi Jinping to 2,200 comrades. “Building on this, China will see the basic realization of socialist modernization by 2035 after 15 years of hard work,” he explained, abolishing the constitutional 2-term limit for Presidents. China is now making its move. For decades, its greatest fear h

Hope all goes well… “Wanna hear a joke?” asked Charlie, my 3rd grader. I nodded. “Bernie Sanders, Hillary Clinton, and Donald Trump all get into a boat.” I smiled. “They row into the middle of the ocean.” Okay. “And it sinks.” Whoa, sounds awful. “So who survives?” asked my 8-year old. I shrugged, certain I hadn’t told a political joke until my mid-twenties. “America!” he howled, doing a little dance, shaking his boo