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The Missing Ingredient “Security Analysis” by Benjamin Graham and David Dodd was published in 1934. It is the bible of investment management and, one could argue, of the entire field of what we...

Good Judgment My wife and I went to Scotland for our honeymoon. One evening in a pub in Edinburgh, we noticed a plaque on the wall beside our table with a quote I will never forget: “Good judgment...

Keep Calm and Carry On The past week has been traumatic, and it may not be done yet. Times like this are always frightening, and this one in particular is frustrating because this is a...

Overcoming Barriers “Life is pain, and anyone who says differently is selling something.” ~ Dread Pirate Roberts, “The Princess Bride” Will tariffs be the end of us? Lately I am reminded of my...

I get in trouble a lot. I don’t mean to, it just happens. I write and talk about economic issues because they impact daily life and the welfare of our clients. The “dealings of my trade” are to...

Was that Necessary? A common retort to anyone raising teenagers or working with a difficult coworker might be, “Was that necessary?” If I were Federal Reserve Chair Jerome Powell, I would be asking...

Pop-Tart Economics During this Presidential election season, we don't like to talk about politics, but we do talk economic policy and how it might impact our clients and their portfolios. We...

The Boy Who Cried Wolf You've heard this one before: A village picks a boy to watch over the sheep. The boy is supposed to yell “Wolf!” if a wolf comes around and the townspeople will come running to...

This presidential election season seems more taxing than most. I wish there was an interesting, or even realistic, tax proposal I could dissect for you, but all we are getting is “red meat” for the...