By Lewis Johnson - CHIEF CONCLUSION Mike Tyson says that everybody has a plan until they get punched in the face. That’s when life gets real and many plans fail. Volatile markets just punched many investors in the[…]
By Lewis Johnson - CHIEF CONCLUSION Sometimes the strength of the whole can be dependent upon what may seem an unimportant or even paradoxical piece. Investing can be like that too. In our opinion, the best[…]
POSTED ON
July 11th
- POSTED IN
Bonds,
Bond Market,
Gold,
Relative Value of Gold (and Credit)
By Lewis Johnson - CHIEF CONCLUSION One of the biggest investment surprises in recent memory has taken place in two important markets over the past year or so: rallies in the price of gold and that of the U.S.[…]
POSTED ON
February 22nd
- POSTED IN
Bonds,
Art of Valuation,
Portfolio Construction for a Challenging World
By Lewis Johnson - Chief Conclusion The market is a humiliation machine. When you are being the most rational, the market makes you look the most stupid. This is not a bug, it’s a feature. Why? Because the rational[…]
POSTED ON
February 7th
- POSTED IN
Bonds,
Credit,
Portfolio Construction for a Challenging World,
Risk,
Thinking About the Future
By Lewis Johnson - Chief Conclusion The most pressing problem that we attempt to solve for our clients is how to grow their hard-won savings thoughtfully. Money only grows when it takes risk – but what risks to take? […]
