Blog

Frank Boland
August 22, 2022

Since 1956 there have been 10 bear market cycles when the market declined 20% or more. The first one led to the ensuing 1957 bull market that would give birth to the modern investment business. It also pioneered a new sector, then called electronics, now known as technology. In 1958, Jerry Tsai was chosen to manage the new Fidelity Capital Fund...

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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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As I grow older, I pay less attention to what men say. I just watch what they do.

– Andrew Carnegie