Nobel laureate Robert Shiller recently stated, “No one can speak authoritatively about the future. That’s where narratives come into play.” As we enter the final month of the decade (!), we find the stock market bumping up against all-time highs despite the trade war, violence in Hong Kong, and a presidential impeachment trial. It seems […] More ›
The Magic of Low Expectations
Friday, January 25th, 2019“I find my life is a lot easier the lower I keep my expectations.” – Bill Watterson Most investors expect too much. Those who know the least expect the most. A Natixis survey shows that individual investors in the US expect 10% returns. Professionals expect much, much less. Is 10% a logical assumption? 10%/year is […] More ›
Planning for an Unknowable Future
Tuesday, March 17th, 2015We are in the business of helping people manage their financial resources to achieve their varied goals, many of which are years or even decades into the future. But how can we predict a future yet to unfold? Here are some of the tools in our toolbox: Look to the Past – It’s true: past performance does […] More ›