So far in our increasingly exciting investment contest it’s been a positive experience all around. For the first three years the capital markets rose relentlessly: a modestly positive first year followed by two terrific Bull Market years. But things are about to change.
Last week we observed how our investment competitors fared as they navigated a boring, so-so market environment. But this week things get more interesting.
Last week we asked Mr. Market to establish the playing field for our investment contest. This week we’ll check in to see how our contestants are faring.
On the last day of March (last week), we launched our own, far more interesting version of March Madness, namely, an investment contest.
I’ve been in the business of advising wealthy families for forty years. (Actually, it’s been longer than that, but I’ve reached the age where everything gets rounded down.)
Without courage all other virtues are useless. Edward Abbey, Desert Solitaire
Headline of the future: “Oat Bran – the Silent Killer.” (Woody Allen or David Letterman, I forget which)
What have future generations ever done for us? Groucho Marx
In my last post we looked at the need for “change” in one controversial domestic sector, education. But since that wasn’t nearly contentious enough (I only got about 400,000 death threats), let’s move on to something really controversial, namely,
In my last few posts we looked at some of the more controversial “changes” in the international arena that seem to be demanded. Now we’ll turn to the domestic sector, beginning with: