Market Peaks - The Intersection of Paralysis, (Over)Confidence and Complacency

Market Peaks – The Intersection of Paralysis, (Over)Confidence and Complacency

On a recent trip to Park City, Utah, we ventured over to the most intimidating ski terrain I have ever been to – Snowbird Resort. The mountain is littered with steep grades and cliffs, exposed rock, narrow cat tracks and some of the highest ski lifts I have ever been on. If you take any […]

The Easiest Way to Reduce Financial Stress and Drop Your Handicap

The Easiest Way to Reduce Financial Stress and Drop Your Handicap

Last year Rory McIlroy finished in the top 10 in 12 of 17 events and won 2 Major Championships establishing himself as a legend in the making. Those who have had the privilege of watching Rory play in person notice what an incredible ball striker he is and immediately fall in love with the distinct […]

The Art of Winning Ugly in Golf and Finance

The Art of Winning Ugly in Golf and Finance

“Good golfers, I think, have to get over the notion that they only want to win by hitting perfect shots. They have to learn to enjoy winning ugly. And that entails acceptance of all the shots they hit, not just the good ones.”  - Bob Rotella, “Golf is Not a Game of Perfect” I am unable […]

Winter 2015 Newsletter and Q4 2014 Reports

Last week, we mailed out our investment reports for the fourth quarter of 2014 along with a copy of our winter 2015 newsletter. An electronic copy of the newsletter is available for download here. We included a one-page flyer in your reports package relating to an open house we are having on February 12th from 4-7pm. […]

This Holiday Season, Ignore the Relatives

‘Tis the season to gather and celebrate with friends and family. Each year, old traditions are remembered and new traditions are made. We reconnect with the family members we see frequently and long-lost relatives alike. Reliability has become an evasive quality in today’s busy world. In the craziness and uncertainty of our day-to-day lives, we […]

2014 Minnesota Renaissance Festival

The Return of Volatility

Our current seasonal transition from summer into fall feels almost symbolic of the current trend in financial markets from tranquil to volatile, as global news made for some interesting headlines throughout the summer. New threats of war, the emergence of Ebola, slow economic growth abroad, and the end of QE have brought pause to the […]

Approximately Right vs. Precisely Wrong in Financial Planning

The second president of the United States, John Adams, made a prediction years ago in a letter to his wife: “The second day of July, 1776, will be the most memorable epoch in the history of America. I am apt to believe that it will be celebrated by succeeding generations as the great anniversary festival…It […]

Investing: Are You a Hunter or a Farmer?

“I consider myself to be a farmer—not a hunter. And I think most people on Wall Street are hunters. They like to fell big beasts and I’m very comfortable planting a few rows and just tending to them carefully.” – Tom Russo, Gardner, Russo & Gardner Investing is often referred to as a game, or […]

All Wealth is Relative

A recent article on CNN Money cited that “a whopping 70% of those with at least $1 million in assets that are invested or available to invest, excluding home values, don’t consider themselves to be wealthy…it’s only when they hit the $5 million mark that millionaires begin to feel ‘wealthy.’” I would submit that our feelings of wealth are […]

The Margin of Safety in Financial Planning

“The intelligent investor must focus not just on getting the analysis right. You must also ensure against loss if your analysis turns out to be wrong – as even the best analyses will be at least some of the time. The probability of making at least one mistake at some point in your investing lifetime […]