The Wrong Way to Discuss Market Volatility with Your Kids

image source: stocktwits.com

When the market is volatile, cartoons like this are a great illustration of how important it is to stick to a well-designed and disciplined investment plan. So you don’t have to have this conversation with your children…

Big Name Hedge Fund Managers Hit Hard in 2015

Bill Ackman of Pershing Square
(source: Yahoo finance)

Some of the world’s most successful and influential hedge fund managers got their shirts handed to them in 2015. Luminous names in the industry such as Bill Ackman of Pershing Square Capital Management, David Einhorn of Greenlight Capital, Larry Robbins who founded Glenview Capital, and even John A. Paulson were several such investors, among many [...]

Nowhere to Make Money in 2015

landscape of city and mountains

This past year in the markets was a roller coaster ride with a remarkably tepid ending. Several big events happened globally that, in the end, disrupted just about every investment asset class, with the end result being a range between essentially a flat return for most developed equity markets, to slightly negative for most other [...]

Market Update from JPH Advisory

stock-market-numbers1

As I’ve said many times in the past, “the market can go down 10% at any time for any reason or for no reason at all.” Unfortunately, over several days in late-August, I was proven right. Volatility has returned with a vengeance to equity markets after almost 4 years without a correction (i.e. a market [...]

How the Next Financial Crisis Might Happen

picture of a dam failure

Since 2008, investors around the world have had one eye in the rearview mirror, wondering when the next crisis will hit. It’s a topic of numerous client conversations we have in the office, on the phone, and around the coffee table. Naturally, our first inclination is to expect the next panic to resemble the last [...]

Income Inequality the Wrong Focus

Shanghai, China

The president has called it the “defining challenge of our time.” And he is not the only one focusing on “income inequality.” A simple Google Trends chart (below) shows how interest in that search term has increased significantly over the past few years. But what disturbs me about the focus on “income inequality” and similar [...]

How to Survive a Bear Market

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It’s a question that’s speculated upon almost daily by the financial media — when will the current bull market end? And while I don’t claim to have the answer to that question, what we do know is that it’s been over six years since the last recession, and historically (at least since 1950), they come [...]

Why We Are Still Investing Internationally

Source: USA Today

“Foreign stocks are in the red this year, even after a rally on Friday, while U.S. indexes set record after record. Japan is in recession, Europe is stagnating and the dollar is booming.” After an opening line like this one from a recent article in the Wall Street Journal by Jason Zweig, it’s no surprise that, [...]

Why the Dollar has been Rising, Not Falling

Image source: forexcrunch.com

“Remember the currency wars? They were about the notion, popular over the last few years among financial commentators and not a few global policy makers, that the nations of earth had become locked in a pattern of debasing their currencies in pursuit of a momentary economic advantage, a race to the bottom that would end [...]