If you could go back in time and have a few do-overs, would you? I sure would. The age and experience I’ve gained over the years would’ve made my life much easier as a youngster. While we aren’t magicians and can’t time travel and give…
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1Q 2022 Market Overview
Market Update Markets dabbled in correction territory at the start of the year and then claimed some of the losses back in the second half of March. U.S. stocks, developed foreign stocks, and emerging markets were down 5.3%, 5.2%, and 6.7%, respectively. In this past…
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Doing a Leeds
One of the most storied clubs of English soccer is a club that you probably have never heard of. If you are even vaguely familiar with soccer you would probably recognize the names of Manchester United, Chelsea, or Liverpool. They’ve been dominant forces for a…
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Finding Enough
My kindergarten teacher told me to keep my eyes on my own work. We spend the rest of our lives ignoring that advice. As much as I love talking about strategies to save thousands of dollars on taxes or dealing with a complex estate situation…
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Response to January’s Markets
The U.S. market toyed with being in correction territory last month (being down 10%), and we saw tech stocks, as measured by the NASDAQ, fall below that measure. What do we make of this? Investor and writer Howard Marks has a great illustration that helps…
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2021 Annual Letter
The Roots Come First 2021 marked the first full calendar year of Birchwood Capital. When people ask me how business is going, they tend to focus on the flexibility and freedom owning your own firm offers. At 30,000 feet, what we do is simple and…
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