In grade school math class we were taught PEMDAS (or Please Excuse My Dear Aunt Sally) as the order of operations on how to attack a math problem. By handling the parenthesis’ and exponents first, you could then tackle multiplication/division and then do any adding and subtracting. Voila! Right answer. By following a process you…
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Writings
Land Cruisers, Status, and the American Dream
Toyota Land Cruisers. I first came about these cars while reading a thriller series written by a former Navy Seal, Jack Carr. The main protagonist drives a 62 series Land Cruiser for durability and reliability. Turns out the United Nations believes Land Cruisers are incredibly functional, too, as they are the vehicle of choice for…
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2Q 2023 Market Overview
Market Review Very quietly markets have punched another robust quarter. U.S. stocks lead the charge (up 8.4%) resulting in year-to-date returns over 16%. Developed foreign and emerging markets were 2.7% and 1.6%, respectively for the quarter. Bonds were slightly negative. Market volatility went down and hit the lowest level in June. Remember the regional banking…
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How to Value Michael Jordan
A few years ago ESPN ran a documentary on Michael Jordan called “The Last Dance.” Being born in the early 90’s, I have vague memories of Michael Jordan. This documentary fit a lot of pieces together of Jordan’s past that I had never put together myself. It left me even further respecting Jordan’s game and…
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1Q 2023 Market Overview
Market Review Trust and confidence. That’s what financial markets boil down to. Rising trust leads to rising stock prices. Lack of trust….look out below! In March, we saw the evaporation of that confidence and the subsequent run on Silicon Valley Bank and First Republic. I won’t expound on all the details as you’ve probably read…
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Reminder About FDIC Insurance
If everyone with a Costco membership showed up at the same time to buy the $5 roasted chicken, there would be chaos. The same thing applies to banks. What happened with Silicon Valley Bank is an old fashioned bank run that most people only recollect in the holiday season when watching “It’s a Wonderful Life.”…
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