GOLD

September 23, 2019By Andrew Keefer, CFAInvestment Planning

The Big Picture “He who has the gold makes the rules” Of all the gold quotes, this one is my favorite. About a decade ago, in the throes of the financial crisis, gold was roughly in the last third of a long secular bull market that began in roughly 2000. Admittedly I was not a … Read More

Da Bonds

July 2, 2019By Andrew Keefer, CFAInvestment Planning

The Big Picture “Da Bears, Da Bulls”  -SNL Super Fans  I grew up outside of Detroit and I was no fan of teams from Chicago! (Sorry Chicagoan’s) However if you have never seen Bill Swerski’s Super Fans skit idolizing Chicago professional sports teams on SNL it was quite humorous! Now to Da Bonds! For several years … Read More

Unicorns

May 7, 2019By Andrew Keefer, CFAInvestment Planning

The Big Picture “The thing about unicorns is they don’t exist.”  -David Einhorn A unicorn is a mythical creature found throughout history in cultural folklore. In finance, a unicorn is a company that has an initial valuation of over $1 Billion, and is not profitable. You read that right, no profits! The term was coined … Read More

Insensitive

August 21, 2018By Andrew Keefer, CFAInvestment Planning

The Big Picture “The average American is from Missouri everywhere and at all times except when he goes to the brokers’ offices and looks at the tape, whether it is in stocks or commodities. The one game of all games that really requires study before making a play is the one he goes into without … Read More

Action and Reaction

February 20, 2018By Andrew Keefer, CFAInvestment Planning

The Big Picture “Look at market fluctuations as your friend not your enemy; profit from folly rather than participate in it.” – Warren Buffet The oracle does give some sage advice. As promised, I will tend to compose more posts during material market volatility, material changes in market and economic data, or generally unfavorable market … Read More

Cake

October 16, 2017By Andrew Keefer, CFAInvestment Planning

The Big Picture “You can’t have your cake and eat it too!” -English Proverb Your can either have it, or eat it, but not both! I have said this from time to time and many give a look of perturbation. “What do you mean I can’t have my cake and eat it too? If I … Read More

The Math

February 3, 2017By Andrew Keefer, CFAInvestment Planning

The Big Picture “Math doesn’t lie, people do.” The above is one of my favorites. It is not to say that people are generally liars. Only that a person may have a narrative they are pushing, an agenda, or some ulterior motive that may not be fully disclosed or transparent. Math on the other hand, … Read More