Thought Leadership
Nightmare on Wall St.: A Tech Bubble Redux?
By Paul Kleinschmidt on October 22, 2020
The notion of “two Americas” is often discussed by media outlets, particularly in an election year. Meanwhile, Wall Street’s attendant media, usually prone to hyperbole, has largely ignored the extraordinary tale of two markets for stocks. Instead, the focus has principally been on the dramatic rebound in the major indexes since the March lows. Peer …
Read MoreDiversify, Rebalance, Rinse, Repeat
By John Petrides on September 2, 2020
Since the future is unknown, diversification remains the hallmark to capital preservation in our estimation. There may be short periods of time where seemingly different asset classes move in the same direction, but over time, reducing correlation among assets within a portfolio is crucial to protecting your generational wealth.
Read MoreChairman’s Letter 2Q20
By Robert Kleinschmidt on July 28, 2020
Dear Fellow Investors, Unprecedented is a word that gets tossed around so frequently these days that it is, well, unprecedented. More often than not, the word is misused to mean something other than, or in addition to, “without precedent.” Rather, it gets used to mean “a really big deal” or “exceedingly rare” or, more likely, …
Read MoreBe a Bear-Market Buyer
By Joseph Piropato on May 15, 2020
The stock market’s wild swings so far in 2020 have been enough to unnerve many experienced investors. And while it’s extremely important to be mindful of near-term liquidity needs, we believe it’s essential to be a buyer in a bear market in order to build long-term, multi-generational wealth. In sharp drawdowns and bear markets that …
Read MoreVolatility vs. Risk
By Paul Kleinschmidt on April 28, 2020
Time is the investor’s friend and the speculator’s foe. Why? One reason is that many market participants tend to confuse risk and volatility. For long term investors (and really, there is no other kind) volatility represents not a true risk, as in complete loss of principal, but an aggravation, and, very often, an opportunity. This is …
Read MoreMutual Funds
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