Market Commentary: Spring 2023 – March Madness

This past quarter provided a shock to our system with the first run on a major bank since the Great Recession in 2008-09. It reminded us of how tenuous (and yet, at the same time surprisingly robust) our banking system often is as well as how shocks to the financial markets can come, seemingly, out […]

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The Hidden Source of Returns and the Forces of Market Growth

The biggest problem with investment returns is that they’re posted daily–or, in the case of the recent “flash crash”, every hour or so. Why is this a problem? Because it implies that what happened yesterday or the day before is meaningful to your financial life and is important information for future investment decisions. People all […]

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