This has been a tumultuous period for the market. We think these words from our friends at Commonwealth are a good reminder:
“During this period of volatility, returning to the tried-and-true rules of portfolio construction could be warranted. Balance and diversification are key tenets to navigate any market uncertainty. Different equity sectors, asset classes, and geographies have performed well this year compared to what we have seen over the previous few years. And bonds have served their purpose of muting equity volatility as has historically been true.”
The causes of volatility are always evolving, but good investment principles have not changed. We remain committed to a quality-driven approach.
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We think the effectiveness of the New Deal is a very interesting and complicated subject. We enjoyed The Forgotten Man, a 2007 book that was critical of Roosevelt’s response, and thought it was very persuasive. A new book, False Dawn, also takes a critical view of his approach and we look forward to reading it.
Southwest Airlines angered many loyalists by joining the “We charge for checked luggage” crowd. Will this change how you fly?
September 5 is a recent film that looks at the 1972 Munich Olympics massacre from the perspective of the ABC Sports crew that covered the event. It is very well-done.
We’ve been on a real mandarin orange kick lately and thought this was interesting citrus-related information.
Childcare costs are a major challenge for many middle- and lower-income Americans. A recent study found that it exceeds the cost of rent in 17 states.
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