Russia – Ukraine

The events of the last few weeks are certainly unsettling, but unfortunately not unprecedented.  Whether we are talking about Iraq’s invasion of Kuwait, the start of the Korean War, the Cuban Missile Crisis, or Pearl Harbor, a similar pattern of reaction in the...

Don’t Go Chasing Waterfalls

Chasing wa·ter·falls | \ ˈwȯ-tər-ˌfȯl (transitive verb) Definition 1 : pursuing an impossible dream Charlie Ellis is an investment consultant, and one of a handful of thinkers who are truly an individual investor’s best friend. The author of “Winning the Losers Game”...

A Few Random Investment Thoughts

The Importance of having a Long-Term Time Horizon “It is just appalling the nerve strain people put themselves under trying to buy something today and sell it tomorrow. It’s a small-win proposition. If you are a truly long-range investor, of which I am practically a...

A Few Simple Thoughts

In 1950 – to pick a year at random -the S&P 500 index stood at 16.66. Today it stands at 4155.86. That is an increase of 24,845%, and that’s before dividends are included. How could anyone have possibly lost money during that period??? That question is not...