October 2022 Client Letter

By year-end 1993, I had about 18 months experience in the investment industry. During that short period, I had it relatively easy. The U.S. economy was enjoying its 33rd straight month of economic expansion, interest rates were still on the low side, and inflation was tame. As we rolled into 1994, it appeared we could have another year of market stability.

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September 2022 Client Letter

Here in Naples, we are already a month into the new school year. With our youngest son Jack now a freshman, we again have two kids in high school. Rick, a senior, has a study hall during first period, which allows him to stay at home until second period. This leaves me on morning-carpooling detail for Jack.

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June 2022 Client Letter

My blood pressure readings were a little high at my annual physical in January. Not to the point where medication was required, but enough to schedule a June follow-up. My doctor suggested returning to a consistent exercise schedule.

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May 2022 Client Letter

Recently, our family began the process of touring colleges for my son, Rick, who is finishing his junior year at Naples High. On our first round of visits we flew Delta, connecting in Atlanta and finally arriving in Charlottesville…

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March 2022 Client Letter

Fortunately for me, the worst part of getting COVID-19 was the effect it had on my fitness program. As I wrote in my last letter to you, I have been exercising consistently since my Peloton bike arrived in April 2021. But a combination of unexpected travel and a mild form of the virus led me to miss many weeks of workouts…

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