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November 2021 Account Performance and Investment Commentary

“It’s not that I’m so smart. But I stay with the questions much longer.” – Albert Einstein Where are we, at the end of November 2021? The months seem to be alternating up and down and the questions...

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December Investment Commentary and Performance

“If you can’t explain it simply, you don’t understand it well enough.” – Albert Einstein Where are we, at the end of December 2021? The funds that led the way in November lagged badly in this month....

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January 2022 Investment Commentary

“He/she that would live in peace and at ease, must not speak all he knows or judge all she sees.”. – Benjamin Franklin, Poor Richard’s Almanack, 1736 Where are we, at the end of January 2022? The...

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March 2022 Account Performance and Investment Commentary

“The average man/woman is both better informed and less corruptible in the decisions he/she makes as a consumer than as a voter at political elections.”. – Ludwig von Mises” Where are we, at the end...

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April 2022 Fund Performance and Investment Commentary

“In the midst of chaos, there is also opportunity.” – Sun-Tzu, The Art of War Where are we, at the end of April 2022? April was a hard, down month for the stock market, but it also depended on what...

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May 2022 Investment Performance and Commentary

“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money” – Milton Friedman “We don’t have a global...

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July 2022 Performance and Investment Commentary

“The truth is rarely pure and never simple.” ― Oscar Wilde, The Importance of Being Earnest “Politicians are like diapers, they need to be changed often, and for the same reasons.” – Mark Twain The...

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August 2022 Performance and Investment Commentary

“Smooth Seas Do Not Make Skillful Sailors” ― African Proverb “A good head and a good heart are always a formidable combination.” – Nelson Mandela Current State of the Markets? In the last newsletter,...

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September 2022 Performance and Investment Commentary

“…the number of stocks in deep bear markets, 30% or more below their highs, reached ever greater levels last week. If a market is on the mend, or even about to turn higher, this figure should...

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February 2023 Performance and Investment Commentary

“The human brain is an incredible pattern-matching machine.” – Jeff Bezos How Did the Markets and Our Funds Do in Feb 2023? It’s really true that all everyone is trying to do is match patterns. When...

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