“Uncertainty is the only certainty there is, and knowing how to live with insecurity is the only security.” — John Allen Paulos
We didn’t have “war with Iran” or “closure of the Strait of Hormuz” on our 2026 bingo card, but with markets at …
“Go ahead, you can get excited about the future. The past won’t mind.” — Hillary DePiano
The initial stock market optimism following the U.S. presidential election has quickly dissipated, overshadowed by the realization that there are no concrete …
Recession or Business As Usual?
When preparing to write our letter, we review our epistle of three months ago. After doing so, we considered changing the dates, …