26 Jul 2013

Posted at 16:39h in The Friday Brief by
One of the great secrets of success in investing is that of persistence; defined as "firm or obstinate continuance on a course of action in spite of difficulty or opposition." In this age of information overload, particularly in the area of investing, persistence has become considerably more difficult than it was 10 or 20 years ago. Throw into the mix an ever-expanding supply of 'financial advisors' backed by sophisticated marketing machines designing products to address today's 'opportunities' and its easy to see why staying the course is more difficult than ever.

30 Jan 2004

Posted at 16:13h in The Friday Brief by
If you watched any financial news or commentary at all this week you could not have missed the attention given to whether or not the Fed would continue to use the phrasing “considerable period” in their prepared comments.  The words have appeared in their remarks for several months conveying to the financial world that they were prepared to keep interest rates low for an indefinite period to sustain a less-than-robust economic recovery.  The phrase was dropped on Wednesday and replaced with the words can “be patient” before raising rates.