Newsletter Summer 2018
The Neglected Part of Your Net Worth.
Traditional asset managers only really impact 20% of a client’s balance sheet. This leaves 80% unattended.
Newsletter Winter 2016-2017
Awakening Animal sports.
When confidence plummets,markets freeze and recessions occur. When confidence re-emerges, markets thaw and expansion resumes.
Battle Planning for the Now Normal.
W&A began managing client assets in 1986. At that time, the most advanced technologies available to household investors were the television and the telephone. The money management industry was in its infancy and investors held stocks for years on average versus minutes today.
Newsletter Winter 2016
How to Maintain Your Mental Health in these Crazy Markets
After a period of relative calm, market volatility has returned with a vengeance.
Newsletter Summer 2015
The New China
China’s prosperity has stoked envy and attracted imitators across Asia. The bugling affluence of the Chinese cannot be ignored.
Newsletter Spring 2015
The Chinese Cache Out
As wealth in China increases and restrictions recede, the Chinese have begun venturing out with their newfound capital and carry-ons.
Newsletter Winter 2014
The US Finds The Energy To Adapt
The ancient Chinese philosophy of Yin and Yang teaches that every force in nature must have an opposing force.
Newsletter Fall 2014
China has entered a difficult economic development phase economists refer to as “the middle income trap”.
Newsletter Spring 2014
Beat ’em or Join ’em!
The investment public’s growing obsession with benchmarks and indexing has led many otherwise active money managers to behave less actively.
Newsletter Winter 2013
Diagnosing the US Fiscal Condition
The continuing drama of Federal fiscal cliffs, shutdowns and debt ceilings has lured the nation’s attention without corresponding details. In our society of shoot first, ask questions later, few individuals I speak with truly understand the US fiscal condition.
Newsletter Fall 2013
Keep The Fed Free
Alexander Hamilton, our founding father of finance, advocated for the establishment of the first US central bank in 1791. Hamilton’s vision for a centralization of the US financial system did not sit well with the anti-Federalists who prevented a renewal of the banks charter in 1811.
Newsletter Fall 2012
To Trade or Not To Trade
Today, the average holding period for stocks has fallen from eight years in 1960s to around five days.
Newsletter Spring 2012
REFRAMING the global economy
Today’s headlines may be dominated by European developments, but the global economy no longer looks to the Old World for leadership.
Newsletter Fall 2011
the Big things
The globalization of information means that the whole world has become local news.
Newsletter Winter 2010
Dual Majors Required
As global markets converge and correlations across asset classes rise, market mastery requires degrees in economics, philosophy, political science, finance, mathematics and computer engineering.
Newsletter Fall 2010
Confront Choice with Consistency
In 1999 as the NASDAQ amassed an 86% return, Warren Buffet’s Berkshire Hathaway portfolio fell 20%.
Newsletter Spring 2010
Money may not buy happiness but it does convey entitlement to the bearer.
Newsletter Spring 2009
What You Should Be Doing Now
Pundits have used endless superlatives to describe and give life to our most recent financial experience.
Newsletter Winter 2008
Just Your Average Year
Statistically, the daily market volatility in 2007 came in below the long-term average.
Newsletter Winter 2007
Make No Mistake
Today the average life expectancy in the United States is 78 years.
Newsletter Fall 2007
Back to School
Shortly before Alan Greenspan exited his post at the helm of the Federal Reserve in 2006, he warned us of a “disturbing level of complacency”.
Newsletter Spring 2007
I had a Japanese tutor in high school. At that time, Japan boasted the highest GDP per capita on the planet.