When I was growing up, our family spent many summers in North Wildwood, NJ.  At first, it was one or two weeks a year, until we decided to rent a place for the entire summer.  All of us got jobs to pitch in.  My first job was setting up all the beach supplies at a…

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We are experiencing quite a year.  A sizzling economy and a commensurate stock market set all time highs only to be waylaid by a highly infectious virus.  Enforced isolation has created an environment that is abnormal for the sociable human race.  Finally, the unfortunate death of a man held by police has led to widespread…

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Here in the “Old Line” state, Maryland, restrictions on non-essential businesses and social gathering have been modified as of Friday.  While not a full-throated cry of “Open for Business”, it is extensive enough to give people a sense that some normalcy is returning.  It remains to be seen what broader impact the pandemic has on…

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I was briefly tempted to name this article after the movie “Back to the Future”, but felt a flippant title was inappropriate.  I’m sure some comedians are already mining the COVID-19 crisis for material, but it seems too early for jokes. Based on various charts and data models, it appears that much of the country…

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The apocryphal Chinese curse/blessing goes something like this: May you live in interesting times.  Without a doubt, we are living in a period of historic significance.   Certainly, the markets have been disrupted in ways I have never seen in my career.  This only solidifies my belief in ensuring your time horizon is long enough to…

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Market Update: While this week’s decline in the market is concerning, I believe this is the market’s overreaction to uncertainty.  As measures are put into place to combat the Coronavirus, we’ll find that the market has over-corrected.  The number one thing clients should be concerned with is if their time horizon has changed.  If not,…

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While my two children share some characteristics, they are both very much individual and distinct people.   I’m always proud to watch them to think through issues and articulate their positions.  We have tried to teach them to be respectful whether they agree with someone or not.  If they do get into a debate, the use…

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Have you ever come to the realization that your understanding of something in your past was wrong? In other words, at a later point you became aware that your memory of an event or time period was false.  I’ll try to explain. At an early age, I considered myself to be a well read and…

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I have written previously of not being much of a gambler.  My first experience was at a young age pitching pennies against the stoop out in front a neighbor’s row home.  I was never happy about seeing my coins scooped up by a winner.  I started sticking loose change into a jar and focused on…

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Strange title, I know, but bear with me.  My father was a Chief Petty Officer in the U.S. Navy for 27 years.  Of his many assignments, some good, some bad, he got a plum one to report to the U.S. Embassy in Madrid.  By this time, my parents had 3 children.  My oldest brother was…

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