Every once in a while the Stock Market checks our commitment. The first part of 2022 has done just this.
There are lots of reasons this correction could be happening and the difficult part is we won’t know how deep and long it will go until it has rebounded.
Every once in a while the Stock Market checks our commitment. The first part of 2022 has done just this.
There are lots of reasons this correction could be happening and the difficult part is we won’t know how deep and long it will go until it has rebounded.
Recently Patrick O’Shaughnessy had Boyd Varty on his podcast to talk about a journey he was about to embark on. Boyd was about to set out into the South African bush for 40 days and 40 nights. If you are interested he is chronicling his journey in his podcast “Track Your Life”
Boyds explanation for this journey struck me
Read More“What has been will be again, what has been done will be done again; there is nothing new under the sun.”
I’ve been dwelling on this scripture recently. As unprecedented as these times feel, disease, pandemics, scary times have been around since the beginning.
Read MoreTHIS TIME OF YEAR ALWAYS BRINGS A LOT OF CHANGE IN THE COLLEGE BASKETBALL COACHING WORLD.
The curator of @HoopDirt recently tweeted that 51 Division 1 Head Jobs changes each year on average.
Read MoreThe Spring Season in College Basketball is such a paradox. Some teams/coaching staffs are competing for championships and some are worried about their futures at their schools.
Read MoreThis is a historic time. The preceding 6 months and the following 12 will be the subject of 100s of books down the road. As many of us are holed up in our homes take the opportunity to observe what’s going on around us and document our reactions.
Read MoreNow seems like a good time to take inventory.
Last week was a pretty good shake up in the market. I touched on the statistical Components of the events.
This week let’s discuss the emotional and visceral components.
Read MoreMonday was crazy and the rest of the week jumped in to say "Hold my Beer." Of all the events that could cause a 10+% pullback in the US Stock Market a virus originating in China wasn't on many lists.
Pundits and experts spend a lot of time talking about the Federal Reserve, National Debt, the elections, but this pullback teaches the great lesson is that Risk is what you don't see.
Read MoreOur memory does funny things to us. The current and the future are far scarier than our past. Mostly because the past is just that... The past. Meaning we have encountered it, beat it and moved on from it. The future is scary because it is unwritten and unknown.
Read More’ve been thinking about this a lot lately. This phrase came from an interview with Patrick O'Shaughnessy where he talked with Josh Wolfe, founder of Lux capital. From a secular standpoint
Read MoreAs I think back on that process, the most important thing I had on me was the compass. Because the map had key features like topographical features, hills, valleys and cuts and things you could orient yourself to but the most important part was knowing
Read MoreWhen I began investing like most of us in my 20’s I read magazines like Fortune or Money Magazine and thought hey just buy low and sell high. It’s as easy as that. As I have gained experience mostly by reading the writings and listening to the words of the giants in our
Read More2018... What I learned.
Read MoreAn annual tradition in our family is to go watch the Citadel Basketball team play VMI each year here in Charleston. It's important because over the years some members of the RIM Family have coached in this game and perhaps more importantly my dad graduated from VMI in ‘76 and my brother in ‘05. Truth told I own more Citadel Basketball gear than VMI.
Read MoreYesterday was a day to sit around the table and reflect and give thanks. Its easy to get lost in the day to day but there is much to be thankful for.
Read MoreLast Thursday- Sunday I went with a group to hike in Linville Gorge and take some time to think. I’ll share my impressions next week in a post called “Trail Magic”
Read MoreWhen meeting with potential clients about their accounts one of the main frustrations they communicate is during down markets their previous advisor would state something to the effect of “trust me, we need to hold our positions. now is not the time to sell.” Generically I can’t argue with the advice but giving that advice without context leaves a lot to be desired, isn’t reassuring and can be counterproductive.
Read MoreLooking back on the GFC it seems obvious that the housing market would collapse and if you are not careful you will look for those reasons in future run ups in future markets. The chart below shows the rise in the S & P 500 matched up with all of the events that coincided. I remember conversations with clients during these times, IE Brexit.
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