Blog

Frank Boland
July 25, 2022

It is always after a stock’s decline that one discovers the reason it had previously been going down. The more parabolic (straight-up) a stock’s previous assent has been, the greater the need for a sell discipline. If you’re an investor on your own, or are looking to hire a portfolio manager, you or they must have a SELL discipline. We...

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Frank Boland
June 13, 2022

The last time the Federal Reserve was faced with raising interest rates - on a secular basis - was almost 60 years ago. Of course, no one could have imagined, three generations later, it would happen again. Both times it was thought to be a cyclical or “transitory experience.” In 1965 Fed funds were 1% on a 17-year journey to 20%! This resulted...

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Dave Canal
May 26, 2022

As we pause to reflect on the sacrifices of so many for our great country this Memorial Day weekend, we wanted to take a moment to provide our thoughts and perspectives on the recent volatility across the capital markets landscape.

Reality is beginning to set in as Fed sanctioned risk taking is clearly coming to an end.  Persistent,...

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Frank Boland
May 19, 2022

When a phrase of two words becomes famous, it’s not only apt to be truthful but powerfully accurate.  “Creative destruction” was first articulated by Austrian economist Joseph Schumpter in 1942. He used the phrase to describe capitalism.  It meant any innovation in the manufacturing process which increased productivity. Schumpter intended the...

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During my eighty-seven years, I have witnessed a whole succession of technological revolutions. But none of them has done away with the need for character in the individual or the ability to think.”

– Bernard Baruch