Every Year Can Not Be Good

Conditions are often out of our control and can change rapidly. Be prepared and stay broadly diversified. Don’t reach for returns.
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Are We Baking Portfolios with Bad Ingredients?

Just one mistake in the measurement of your ingredients and your bread can wind up with no bread-like qualities at all. Investing can be the same.
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Outperformance in Down Markets 100% of the Time?

How could an investor have outperformed 100% of the time in the longest bear markets?
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Holiday Colors

Investment professionals and financial commentators are not immune.
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Who Is Passive?

Which strategy would you call active versus passive?
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Who Is Active?

Here’s my story.
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