Very early in the morning on a recent day, a client in another part of the country called. As I picked up she quickly said “I could not wake him up this morning. The ambulance just left for the hospital. Wanted you to know. Gotta go!” I blurted out right before...
One of the benefits of being in this profession for over thirty years is that we have seen broadly held industry assumptions about investments, rates of return, and strategies change dramatically over time. Our conservative assumptions about long term rates of return...
“Tell me I am a good man”, the elderly James Ryan says “What?”, replies his beloved wife “Tell me I have led a good life.” These are the last few lines of dialog from the film Saving Private Ryan. The elderly James Ryan is kneeling over a memorial...
One of the benefits of doing in-house research is that you can occasionally spot trends as they’re forming. As an investment firm, being ‘early’ in spotting trends means that it could be possible to invest in areas of future demand, which brings the possibility...
Part of our work as asset managers is to generate sufficient cash flow for regular income. A long-time client came in for a review last week, and we carefully reviewed her prior year income and expenses. She had managed her cash flows really well – right...
