Night Flying In high school my pastor was a veteran of World War II, a war in which he served as a pilot.  A story he told regarding night-flying training…

You Are Here During the holidays many Americans reacquaint themselves with the large maps found in the walkways of shopping malls and airports. Looking at the building’s layout from a…

The ‘R’ Words Over the summer, in both the financial press and in conferences I have attended, the dreaded R word, recession, has been the topic of discussion. The second…

Time to Remove the Training Wheels? When do we take the training wheels off? As an uncoordinated kid, training wheels were a great comfort while learning to ride a bike. …

Riding A Monster Wave or Treading Water? The recent headlines in the financial press would lead one to believe that the market is in a middle of a monster wave. …

Tariff Talk "There are certain industries which cannot now successfully compete with foreign producers because of lower foreign wages and a lower cost of living abroad, and we pledge the…

The Ultimate Price The financial business is a numbers business.   The jargon can make your head spin.  We have alpha,  beta,  PE, PB, PS.  The list goes on and on.  The numbers are supposed to…

What Goes Up Must Come Down Blood, Sweat and Tears belted these words out in their 1969 hit “Spinning Wheel”.   This year's volatility has many investors feeling as though they've…

First Quarter Roller Coaster The first quarter of 2018 was a wild ride for equity investors.  January started off so promising (and unrealistic on an annual basis); however, it was…

Forecasting Is a Tricky Business If you were a Johnny Carson fan you might recall his skit “Carnac the Magnificent”, in which a turbaned Johnny Carson delivered humorous predictions of…