Diversify and Conquer

|True diversification should mean looking across everything we own and ensuring there is always something of value that can be monetized, regardless of the economic environment.| Investing is not a zero-sum game. It is also a fallacy that someone else must lose money for you to profit. All the talk about “beating” the averages serves […]

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The Best Policy

|The most important takeaway from today’s musings is the importance of having a personal Investment Policy to help guide your asset acquisition activities.| About twenty-five years ago I wrote my first Investment Policy. The intention was to create a document that could help guide financial decision making knowing that my circumstances and goals would change […]

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Some Orchestral Miles Davis

|The assertion that Miles Davis was a “musical chameleon” might best be demonstrated by listening to albums, Porgy and Bess and Aura, back-to-back. They are similar without being anything alike.|  Recently grazing along a shelf with 41 CDs by Miles Davis (double-sets and boxed collections counting as one, and only part of my Davis collection) […]

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Every Picture Tells A Story

|There’s a little part of the art world not widely traveled offering a nuanced view of an artist’s oeuvre called Ephemera.| By definition, ephemera are “items designed to be useful or important for only a short time, especially pamphlets, notices, tickets, etc.” So, in the art market, this includes exhibition posters, announcements – usually postcards […]

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A Life of Ideas

|Lary Bloom isn’t in the art business, he was a friend of LeWitt, and as such this biography is more about the man than his art.| There were several curious aspects to my purchase of an original pen and ink drawing by Sol LeWitt from his incomplete cube series. A work long coveted, when one […]

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Chick’s Tunes

|Chick Corea was on my turntable decades before I knew who he was. Albums like The Leprechaun and Romantic Warrior have been staples of my jazz soundtrack since critical listening became a treasured habit.| A keyboard player who worked with all the greats and pretty much played it all, Corea has spent the last couple […]

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The Investor’s Edge

|Let’s take a more nuanced view and talk about individual stocks and not the markets since the word “average” doesn’t seem to apply right now.| Not much new here. Markets are more manic than normal, though these are hardly normal times. Investor sentiment by most measures remains skeptical and cautious. And yet day trading is […]

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Don’t Let the Gold Bug Bite

As it tends to do in tumultuous times, gold is once again shining brightly. There was a sort-of Mea Culpa recently by one of my favorite financial authors, Jason Zweig, in the Wall Street Journal. Reflecting back on a comment made five years ago disparaging gold as an investment, he admits that the 10.5% annual […]

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Bridget Riley

|“Those who understand art only by what it looks like often do not understand very much at all.” -Sol Lewitt| In 1965 Bridget Riley made a trip to New York City to participate in a show titled, “The Responsive Eye.” Her black and white works were already well known with one having been purchased by […]

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Don’t Forget to Breathe

|A real investment strategy is not a document or a forecast, but a viewpoint about how to respond to the forces at work around us.| I am often admonished by my boxing trainer to breathe. Trying to control my footwork and find a proper response to an attack and put my punches in a logical […]

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