The practice of medicine often comes down to weighing tradeoffs between hoped for therapeutic benefits versus unwanted side effects. Physicians have training and experience in determining what the right balance is for each of their patients. Finding the right balance between a physician’s time and acquiring more stuff can be quite another challenge. It… Read more »
The practice of medicine tends to be an all-consuming endeavor. Physicians today, more than at any time in the past, are feeling burned out due to demands for greater productivity in light of falling reimbursement rates, as well as patient advocacy issues with insurers. It is therefore not surprising that physicians are heading for… Read more »
COVID-19 has changed the way we work, learn, and interact with others. Our “new normal” includes mask wearing and social distancing, which are our only options to limit the spread of the virus until we can distribute an effective vaccine. The temporary restrictions placed in our lives, while frustrating, do come with an upside: technological advances (and more importantly,… Read more »
If the Financial Crisis ushered in the era of “ultra-low” interest rates, the current pandemic took it a step further to bring about “near-zero” interest rates. Forget about earning a decent return on bonds. 10-year Treasury bonds currently yield just 0.85% and investment-grade corporate bonds pay just 1.75%. Short-term bonds and cash pay next to… Read more »
Last week, we held a meeting with one of our clients who has worked with our firm for 25 years. When we started our call, he told us that he had fallen victim to a telephone scam that cost him $12,000. The story goes like this: Our client received a frantic call from his… Read more »
On November 5th, the Wall Street Journal published a story entitled Josh Allen Improves His Accuracy. As I read through the piece, it occurred to me that the Bills approach to “investing” in Allen was a textbook example of the contrarian approach to investing money. The author, Andrew Beaton, writes “there is a camp of football… Read more »
With the election outcome (mostly) known, it’s clear the stock market views the result in a positive light. U.S. stocks rose 2% on the day following the election (as Biden took the lead in Wisconsin and Michigan) and another 2% the day after that (as Biden inched closer in Pennsylvania and Georgia). Stocks surged even… Read more »
In a previous blog post I explained our process for advising clients who may be exhibiting diminished capacity. Many clients have long-term relationships with our firm and as their trusted advisor, we are in a position to observe changes to their behavior that may compromise their financial security. This is why it is imperative that… Read more »
Our arguably most famous client decided to retire this week, pulling the plug on a 50 year career. He and his family have been a client of our firm for 28 years. On a call this week, we got into a discussion of how he finally decided to walk away from his career, and embark… Read more »
