Stop, this is no Game

The challenge I have with the GameStop action is not the inefficiency of markets or the lopsided short positions, which fueled the upside. My challenge is not with the Reddit threads or Robin Hood traders. Nope, the biggest problem I have with the GameStop type action...

Debt…It’s Really That Simple

OK listen up because I’m only going to say this once. Well, maybe that’s not true as it is going to become my mantra now for anyone who will listen. Not a day goes by I don’t think about the current economic environment we’re in....

You Know How this Works!

I’ve been in this game now for over 20 years. In reality, that’s nothing compared to the more than 200 years we’ve been exchanging stock ownership in this country. That being said, I’ve been around enough to know how these cycles work. Spoiler alert, if you’d rather...

A Financial GPS

A couple of times a year our family takes road trips to visit our extended family out of state. With two young kids it’s no small endeavor. So, after packing the minivan to its limits with all of the necessities and more, including countless bags of roadworthy high...

Distractions and Drama

Distractions are everywhere. It is hard to go through a day without an ‘in-your-face’ headline. For some reason, I feel that when we only had 3 channels on our television, AM talk radio and the newspaper, we managed these distractions much better. Today however we...

What’s Missing from this Bubble

Look, I get it. The trailing multiple for the S&P is over 38, much higher than the median historic average of just under 15. Other metrics such as price to sales, price to cash flow, p/c ratio and investor sentiment surveys suggest extreme optimism. You’d have to...

A Market of Stocks

Just yesterday I drove from Charlotte, NC to Lexington. It was a quick, unexpected trip to Charlotte and while my career in finance isn’t considered ‘essential,’ when I’m needed by a client, I go. When I arose yesterday morning before hitting the road, I wanted to get...
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It’s the Market, Silly!

When I was a Junior in college, I had an Etrade account and the market was going hog wild. It was 1998/1999 and the tech boom was on. I had been a value investor since 12 and understood how to buy high quality companies, preferably at a discount and hold them for a...

December Tax Tid-Bits!

Wow, what a year…and it isn’t even over yet. I truly hope this email finds you well, safe and sane. As we roll into year-end, I wanted to shoot a few quick thoughts your way to try and help turn some of the 2020 lemons into lemonade. Whether you’re a client or not,...

7 Lessons from Wealth

Over the last 20 years I’ve had the privilege of working with high net worth families all throughout the United States. In almost every case, these folks are self-made and if by chance they were blessed by fortune from others, they tend to also have inherited the same...

Our Thoughts

Stop, this is no Game

Stop, this is no Game

The challenge I have with the GameStop action is not the inefficiency of markets or the lopsided short positions, which fueled the upside. My challenge is not with the Reddit threads or Robin Hood traders. Nope, the biggest problem I have with the GameStop type...

Read More

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