Q1 2023 Investment Note

Q1 2023 Investment Note

“Inflation, the rise in priceThat leaves us feeling not so niceThe value of money starts to fallAnd we’re left with less, overall We hope for better days to comeWhen prices will stabilize and becomeAffordable once againAnd we can breathe a sigh of relief, amen.”...
Q3 2022 Investment Note

Q3 2022 Investment Note

“Men are not disturbed by things, but by the view which they take of them.” ~ Epictetus (AD 50-135)   Market Roundup   Stoic philosopher Epictetus built his life around discipline and equanimity in the face of many challenges. But even he may have been...
Q2 2022 Investment Note

Q2 2022 Investment Note

Q2 Cornerstone Investment Note: Recession or speed bump? What a difference a year makes. This time last year, technology stocks were still enjoying the tailwinds of the remote-work/reopening trade as the decade-long bull market in growth stocks powered on. Then came...
Q1 2022 Investment Note

Q1 2022 Investment Note

In the 1930s radio drama “The Shadow”, the narrator uttered the famous introduction “Who knows what evil lurks in the hearts of men? The Shadow knows!”   Too bad the Shadow couldn’t have clued us in to Vladimir Putin’s plans for Ukraine. The human cost of the...
Ukraine: Plan to Stay the Course

Ukraine: Plan to Stay the Course

As you’re likely aware, the Russian invasion of Ukraine has begun. While we don’t claim to know more than the experts on the ground, we thought it would be helpful to provide some historical perspective on comparable events in the past and the impact they had on...
Q4 2021 Investment Note

Q4 2021 Investment Note

Inflation intensification   Like a guest who stays too long at a holiday gathering, inflation proved tough to get rid of in 2021.During the 12 months preceding November, consumer prices increased 6.8%, according to the Bureau of Labor Statistics. That’s the...