The finance world has long assumed that markets are “efficient”. In other words, investors’ actions are perfectly rational and they act in their self interest in order to maximize their personal benefit. It also assumes that everyone has access to perfect information…
If I had told you in the Fall of 2016 – not even five years ago – that Elon Musk would be the richest man in the world, a global pandemic would virtually shut down the entire world, and a…
Quick quiz: Which U.S. President of the last 70 years presided over the largest overall percentage gain in the stock market? If you answered Bill Clinton, you are correct. Over his eight years in office from 1993-2001 the S&P 500…
The things that matter most in personal finance are boring. Spend less than you earn. Invest in a diversified portfolio. Choose an investment strategy that you can stick with when markets get rough. Avoid risking what you have to reach…
Of the many surprises that 2020 has delivered to date, the one I find the most counter-intuitive and least explicable is the growing performance disparity between value stocks and growth stocks. Through the end of May, the S&P 500 Pure…
The storm that raged through the financial markets in the first quarter of 2020 has eased somewhat, allowing investors a chance to catch their breath and assess the impact. While the possibility of further market distress and upheaval in the…
I started my military career in an Army Reserve unit, the Royal Regiment of Canada. It was there that I was first introduced to the “7 Ps”, an adage widely popular across the armed forces of many English-speaking nations: “Proper…
Over the last few weeks, financial news has been awash in stories about the CoViD-19 pandemic’s growing impacts on people, businesses, and entire economies. We’ve witnessed a startling crash in the price of oil, massive swings in global equities and…
Looking back to the Winter 2013 issue of The Northwood Perspective, a newsletter geared toward the interests of our clients, friends and colleagues. Articles in this issue: Chairman’s Message: Coping With All the Paper Once again we have emerged from…
Looking back to the Winter 2009 issue of The Northwood Perspective, a newsletter geared toward the interests of our clients, friends and colleagues. Articles in this issue: Chairman’s Message: Let’s Hope Next Year is Better The most frequent comment in…
