Nashville’s housing market is booming. Rents are rising dramatically. We are hearing stories that give us pause to consider the sustainability of the boom. Several articles have caught our attention. Nashville’s housing market hits high notes thanks to young buyers. The Financial Times featured Nashville’s booming housing market a few weeks ago. [Tiered Registration Required]
We have a client who is a recent victim of identity theft. Their personal identifying information was used to secure a tax refund of approximately $8,000. Funds were stolen from the US Treasury, not from our client. Data breaches like this are becoming all too common. This week we cover some steps you can take
A couple of news stories last week reminded me that there are some risks in life and in investing you can’t adequately plan for. Seemingly rare events have big consequences –both positive and negative—and are a key to understanding financial markets and history itself. This is the basic thesis of a book published several years
In an uncertain world, does any timeless investment wisdom exist that can guide one forward? Conversations with clients this week triggered consideration of a few pearls picked up over the years that are well-worth re-consideration. Wisdom from Peter Bernstein. The late Peter Bernstein was a financial historian, prolific author, and the head of his own
One of the recurring themes at conferences in the last year has been the shale gas revolution, and in particular, its larger global impact. The revolution in oil and gas –known as “fracking”—has led the International Energy Agency to estimate the U.S. will surpass Russia and Saudi Arabia as the world’s top oil producer by
Why diversify—especially in years like this when the S&P 500 is doing so well? The essence of diversification is captured by the proverb: “Do not put all your eggs in one basket.” Insights into diversification were given a theoretical basis by Harry Markowitz (1952), who won the Nobel Prize for his work in 1990. Click
Investors can profit from the insights of this year’s Nobel prizewinners in economics. Though each award winner’s viewpoint seemingly contradicts the other’s viewpoint, together they provide insight into how securities markets are valued. Eugene Fama of the University of Chicago is father of the Efficient Markets Hypothesis (EMH); Robert Shiller of Yale University shot down