Quarterly Client Letter – 2019 Q4

By now, you’ve probably seen a few – or a few thousand– retrospectives on the past year and the past 10 years … with a few 20-year reflections thrown in. Maybe it’s the nice, round new year number. (Although, technically, it may not be the dawn of a new decade until 2021.) Maybe it’s the surprisingly strong 2019 returns, even …

Quarterly Client Letter – 2019 Q3

If we asked you to hold your breath or stop blinking, how long could you do it? A minute, maybe two? Now, what if we asked how long you could go without being moved by the latest headline news? Impeachment unrest, Hong Kong protests, Brexit stress, climate change, inverted bond yields, the price of oil … you name it. There’s …