The stock market is going through a period of repricing. The following data is through 1/24/22: As you’ve noticed, volatility in the equity...
READ MORE
2021 – 4th Quarter Letter – How money works
The latest P&A quarterly letter to clients is available in PDF form. You can download it here. Topics include defining time and patience in...
READ MORE
November market recap
Inflation remains front and center in the minds of market participants and consumers. Fed by supply shortages, labor costs, worker shortages,...
READ MORE
New erasers wipe clean
About a month ago I was lectured by some pitch playing buddies in the 19th hole at the country club. They must have been waiting for me...
READ MORE
October market recap
The expansion of the U.S. economy hit its slowest pace since the recovery began, with Real GDP for the third quarter coming in at 2.0%. In...
READ MORE