As a fan and student of the game, I'm excited that baseball season is upon us. Bottom of the 9th, 2 outs, full count, bases loaded, down by 3. As a kid, we constantly played out this scenario in the yard, pretending we were one of the MLB greats at bat hitting the game winning grand slam. These are the moments we love to see as fans and players dream to be a part of. In reality, those great... READ MORE

Clients often tell us the stock market makes no sense to them. How can the value of a company fluctuate 10% in a day? How can an entire stock market index, representing hundreds of stocks, move on average 1% per day? Clients view this type of volatility as something more akin to a huge casino rather than a rational, efficient capital allocation mechanism. You know what? They are partially right.... READ MORE

I ran across an interesting article last week written by Larry Swedroe. Mr. Swedroe is a prolific writer having written eight books and numerous articles explaining, in layman's terms, how to be a successful investor. The article is titled, "The Importance of Diversification in Achieving Long-Term Goals." The beginning of the article describes a hypothetical investor who inherited $1 million in... READ MORE