<January 14, 2026> During every asset bubble, I like to collect souvenirs. In the Tech Bubble, I printed out the description page of every Nasdaq 100 company and tucked them into my desk—a reminder that no matter how crazy things seem, they can always get crazier. I even bought a few put options to commemorate the mania. They expired worthless just a few months before the bubble finally popped—a reminder that it’s difficult to time a bubble’s demise. During the Housing Bubble

<December 11, 2025> In the Seinfeld  episode “The Package” (season 8), Jerry asks Kramer to return his broken stereo for a refund. Instead of returning it, Kramer smashes the stereo, puts it in a box, and tries to defraud the post office. Jerry:  What happened to my stereo? It's all smashed up. Kramer:  That's right. Now it looks like it was broken during shipping, and I insured it for $400. Jerry:  But you were supposed to get me a refund. Kramer:  You can't get a refund. Yo

<November 18, 2025> In the 1990’s, one of the most admired and widely held stocks in America was General Electric (GE). It was the blue chip of blue chips—a pillar of corporate excellence. By 1998, GE had become the largest company in the U.S. by market capitalization. It was the NVIDIA of its day. But instead of designing sophisticated semiconductors, GE was an industrial conglomerate wrapped around a massive financial subsidiary.   Many of GE’s businesses, from jet engines

<October 15, 2025> Born in 1910, my grandfather lived through the Great Depression—an experience that left a deep and lasting impression on him, as it did on many in his generation. He was a hard worker and a relentless saver. Whenever I greeted him with, “What do you say, Gramps?” his response was always the same: “Save your money!” It was great advice, and I listened. By sixteen, I had my first part-time job, and by eighteen, I bought my first CD with a 7% coupon. Those wer

<September 15, 2025> Some investors are comparing the current market cycle to that of 1999—and there are certainly similarities....

<August 11, 2025> One of the top bumper stickers of all time—I Used to Be Cool—is often spotted on minivans. I can relate. After our...

<July 10, 2025> Speculation about a possible Fed rate cut in July has been building. Seeking clues, investors tuned into Jerome Powell’s...

<June 4, 2025> I was sitting at a traffic light last week and noticed the sign above. Very clever—and very true. It’s hard to believe...

<April 30, 2025> Federal Reserve Board Chair Jerome Powell was in Chicago last week presenting at the Economic Club of Chicago. He was...

<March 27, 2025> It’s that time of the year again: high school softball season! I always look forward to watching my daughter’s team...

<February 20, 2025> At the end of 1999, I developed a small rash on the back of my head. It felt like a bug bite and itched badly. After...

<January 17, 2025> I recently had breakfast with two old friends. One of them brought up the stock market and how pleased he was with his...

<December 10, 2024> On a recent Friday night, my son was playing video games with his friends. I asked him if he wanted to do something...

<October 24, 2024> Last week I was sitting at a traffic light when a shiny new Corvette pulled up next to me. It was a sweet ride. I’ve...

<September 27, 2024> As far as seasons go, fall is hard to beat. Not too hot and not too cold. The leaves are changing colors and...

<August 27, 2024> One Up on Wall Street  was published in 1989. Co-authored by Peter Lynch, the book is filled with common sense wisdom...

<July 26, 2024> It’s that time of the market cycle—when sensible advice and positioning is tossed aside for the chance of making a...

<June 28, 2024> While attending Stetson University in 1992, I enrolled in an investment class taught by a small cap portfolio manager....

<May 29, 2024> I grew up in a small town outside of Louisville, Kentucky. I’m not even sure I’d call it a town – more like a zip code. We...

<May 1, 2024> You can learn a lot about the financial markets by watching Seinfeld. In season 7 episode 114, Jerry and Elaine have a...