CNBC Appearances

January 17, 2018

Keep this Memo in a Safe Place

At some time in the future (Im not predicting when), this long bull market in equities will come to an end. The cause will be, as it nearly always is,...

January 02, 2018

We Don't Make Year Ahead Predictions

That is not our forte, nor our mandate. Our primary job is to protect our clients financial assets and to earn worthwhile long-term returns on their investments. That said, 2017...

November 06, 2017

Equity Valuations and Financial Market Liquidity

There is overwhelming and consistent evidence, both statistical and anecdotal, that a synchronized global economic expansion is underway, which most probably is still in its early innings. Virtually all developed...