The most likely longer-term outcome is the eventual victory of an exhausted Russia in Ukraine, followed by a long, partial, contested and inconclusive occupation, not unlike the one experienced in Afghanistan, by both Russia and the U.S.   An exhausted and hobbled Russia would hardly be a plus to the global economy, but markets would eventually get used to this outcome and go back to focusing on the traditional economic and political parameters.  This is the most bullish of scenarios, as well as the most likely, and the one most consistent with our investment philosophy, but it does not seem to have been priced into the market as of yet. 

Elementary school math classes often begin with the core facets of arithmetic: addition, subtraction multiplication and division. Derivatives come later, in the middle school years: exponents, factorials and PEMDAS[1], show how big numbers can get, quickly. Coupling this basic math with portfolio management and stock investing can yield attractive results. Specifically, compounding is a focal ...

If there is one thing investors should have learned since the Great Recession it is that simply because stocks sell off does not mean they are down for the count. The list is long and extensive as to what has added volatility to the stock market not only during, but post, 2009. How many times ...