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Sound Money

Perspectives on Money, Credit, & Financial Markets

Fog

5 AM Alarm

January 12, 2019

Categories: 2018 Review, Asset Allocation, Bonds, Bond Market

As I have aged, it seems my alarm clock goes off earlier and earlier. As a child, I somewhat dreaded waking up early in the morning unless it involved golf or some other sporting activity. Early morning Bible studies were thrown in the mix as I entered college. I have many older mentors to thank for motivating me to get up early and study the Bible. As I started my career, an earlier wake-up was the norm. Of course, once kids came along, the alarm clock was somewhat useless as babies became the new alarm clock (which went off multiple times every night). More recently, I have picked back up the hobby of running. With a busy family and work life, early mornings are the best time to “get my run in”. I have come to enjoy the solitude and peace of the early morning.

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Expectations

October 14, 2016

Categories: Asset Allocation, GMO, Investing, Markets

Every four years we elect a new President. Every four years the most gifted athletes in the world compete in the Olympic Games. I don’t know about you, but this election cycle is driving me crazy! So why don’t we talk about the Olympics instead. Meet Clayton Murphy. Just 21 years old, Murphy earned a bronze medal in the 800 meters this past summer in Rio. It was the first time an American has medaled in the 800 meters since 1992. He finished in a time of 1:42.93, which was the third-fastest American time ever and faster than his previous personal record time of 1:44.30. He was an improbable bronze medal winner. Murphy’s goal coming into the Olympic Games was to simply make the final. Murphy commented after the race,

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Perseverance in Down Markets

May 4, 2016

Categories: Asset Allocation, Bull Markets, Cash, Emerging Markets, Investing

The first Sunday in April is always one of my favorite days of the year as it typically marks the final round of The Masters Golf Tournament. This year, defending champion Jordan Spieth entered the final 9 holes of the golf tournament with a 5 shot lead. He had been flawless through 63 holes and it was almost a foregone conclusion that he would march through the final 9 holes and be the first back-to-back champion since Tiger Woods in 2001-2002. He bogeyed 10 and 11. Then he stepped to the tee of the famous 12th hole, a 155-yard par three, the middle hole of the vaunted “Amen Corner.” The typical Sunday pin placement on the front-right side of the green tempted Spieth and he promptly deposited two balls in Rae’s Creek and went on to post a quadruple bogey. He would never recover and finished 2nd

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