The creation and commercialization of plastic may be one of the crowning achievements of the twentieth century. It may also end up being one of the most harmful to humanity and the earth. For better, and certainly for worse, disposable plastic products are perhaps synonymous with a stereotype of America, like fast food and baseball. […]
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Wasting away…
The weekly pilgrimage down the driveway with garbage and recycling in tow is a common rhythm of domestic life. The conscientious among us take the additional time to rinse and sort. Many of us have two bins, and may have seen those “sorted” bins end up in the same truck! So what really happens next […]
Rethinking money’s true purpose…
There are plenty of books out there trying to explain why we’re not great with money. Most of them walk you through a checklist of behavioral traps, pointing fingers at our irrational brains and poor decision-making. While those lessons still matter—and it’s still amazing how quickly we forget them when faced with short-term market disturbances—Meir […]
Lessons from Hetty Green, the Queen of Wall Street…
We think the world is a wild place to be an investor right now. What about during the turn of the 20th century? Back then, panics and crashes were a feature of the market, occurring in 1873, 1884, 1893, 1896, 1901, 1907, and 1914. The average loss in U.S. stock market value during those times […]
“Liberation Day” – Globalization in the crosshairs…
When I started in the investment business back in the early 1970s, global investing meant looking at a few markets in Europe (mostly London), the Asian market, but limited to Japan, and for the truly adventurous, buying a few British trading firms in the infant Hong Kong market. Today, there are thriving financial markets everywhere […]
What do we do when we really don’t know what to do?…
“April is the cruellest month…” When T.S.Eliot wrote those words in “The Waste Land”, I’m not sure he had our current calamity in mind, but it feels appropriate given the wild ride that has been April 2025. Trump’s shock to financial markets arrived with showman’s pageantry, complete with Greek symbols, props, and “math” equations. But […]
Our not so social, social media…
It has been five years since the World Health Organization declared COVID-19 a global pandemic. Recovering from it, whether on an economic, social, or psychological level, has been a slow and uneven process. Some facets of our daily lives, like sporting events and school calendars, have largely returned to their pre-pandemic traditions. But, as the […]
What a difference two months makes…
The Trump administration’s policy actions over the last few weeks have dented confidence in both the U.S. economy and the stock market. This shift towards negativity happened despite President Trump largely sticking to his campaign pledges to implement tariffs and cut government spending. So what has changed since the election to cause the widespread turn […]
“Dia-Mon-D”…
The word comes from the Greek, “Adamus,” meaning unconquerable and indestructible. For centuries this was the case. In 1948, Mary Frances Gerety dreamed up the tagline, “Diamonds are forever.” The catchphrase has lasted for more than half a century. But, as with many things in life, forever is not necessarily forever. About 10 years ago, […]
Built to last…
In 2020, as the globe was grappling with the first chaotic year of the pandemic, The New York Times ran a feature on a small shop in Kyoto, Japan called Ichiwa that had been operating for over a thousand years by selling the same toasted mochi it always had. The pandemic had reduced visitors to […]
Are stock prices too high? If so, what then? . . .
The number one question we’ve been asked recently is whether stock prices have climbed too high and are due for a fall. It’s the natural question to ask after the S&P 500 reached 57 new highs last year and just had back-to-back years of 25%+ returns – something that has happened only three other times […]
Is alcohol use drying up?. . .
Alcohol purveyors suffered through a tough start to 2025. Dry January, a campaign to get people to abstain from alcohol for the first month of the year, continues to gain momentum with 75 million American adults expected to have tried the challenge this year. Former U.S. Surgeon General Dr. Vivek Murthy piled on with a […]