Employees with 401k accounts flee from stocks in August

Some workers who invest in stocks through their employers’ 401k plans proved to be fickle investors this summer. In August—after sharp stock market declines in July—a near record amount of 401k ...

Think you need a hedge fund for excitement? Better think again

For the last few years there has been a steady drumbeat out of Wall Street touting the advantages of “alternative” investments for well-to-do investors. The alternative crowd argues that plain ...

Client Letter – Q3 2007

Despite a rocky start in July, your portfolio has fully recovered, as evidenced in the chart below.  The one year returns are as strong as any period during the past five years.  As I’ve said many ...