Mar 25, 2020
Crises call for leadership. But leadership is not something that can be precisely defined. On an intellectual level, it combines an understanding of risks and opportunities, and a realistic assessment of one’s strengths and weaknesses. But it also demands a realistic vision of what the future holds and how to get...
Mar 19, 2020
The coronavirus put an end to America’s longest post-war expansion. We are all but certain to face a recession this year. But that recession will be wholly different from any other in our economic history. It will inflict its damage primarily on the service sector of our economy: travel, hospitality, entertainment,...
Mar 18, 2020
For many businesses, the sudden transition from a physical to a virtual company has been jarring. But other businesses have been operating remotely since their inception. One example is Advisor Perspectives, and another is the marketing platform, Twenty Over Ten. I am joined today by two of the principals of Twenty Over...
Mar 17, 2020
Over the last two weeks, our collective focus has been on the equity markets. But the sharp drop in prices among U.S. stocks has been matched by a dramatic spike in municipal bond yields. That has created a compelling, but little-noticed opportunity to buy safe, highly rated muni bonds at exceptional spreads to U.S....
Mar 13, 2020
When this podcast was recorded, on March 11, U.S. equities were down 13.7% since February 21, when the threat of the coronavirus infected the markets. At best, advisors are faced with clients asking what this means for their future. At worst, clients are calling to demand that advisors sell and de-risk their...