Where Did It Go?
When special US government programs distribute money to individuals broadly, we often wonder how the money was actually used. It can occur after a natural disaster, and it happened in March with the $2.2 trillion CARES Act stimulus in response…
Thoughts in Charts: Vaccine Progress Report
There is a chance that the investment world is keeping track of vaccines about as obsessively as health organizations. Along with the physical and mental health implications, the economic stakes of a vaccine are high as well.
As…
Thoughts in Charts: How long do you have?
At a firm where one of our key investment principles is that “time matters”, I love a chart that show why we value it. Before I dig in though, let me say loud and clear that past performance does not guarantee future results. I use history…
Choosing the Right Financial Road
When you don’t know where you are going, any road will get you there. – Lewis Carroll.
This is true in life, careers, and our financial futures. It is particularly relevant when the stock market is as volatile as it has been throughout…
Thoughts in Charts: Municipal Bond Double-Take
I love when a chart makes you do a double take. When a chart makes you go “Yes!” but then after another minute “Oh”.
Because municipal bond yield is usually exempt from state, local and federal taxes, investors are willing to…
Thoughts in Charts: U.S. Currency
I took a trip to Europe after I graduated from college. My parents bought the plane ticket, and I was responsible for my “walking around” money. I wasn’t in the habit of following the currency market, so standing at the exchange counter…
