Recently I met with a client who had been investing in the stock market for more than 30 years. We began discussing lessons learned over the years which caused me to reflect on our investment philosophy here at WCM so I thought I would articulate that here. My...
Over the past year much has been written about the new tax law, and the impact it will have on taxpayers. Many are predicting this will be the most difficult filing season in recent memory, and that your refund may be less than you expect. Although the complexity of...
This winter brought severe cold weather to the midwestern and northeastern US with record-breaking temperatures and even tragically, lost lives. Thankfully our temperatures did not fall that low and we didn’t experience the gridlock of a frozen city. We did, however,...
In their simplest form, investment markets provide a forum for capital seekers and givers to exchange monies today for the hope or promise of the later return of initial capital plus financial compensation for both risk and the time value of money. Asset prices,...
As we ring the New Year, gurus from Wall Street begin to offer prognostications for 2019. In reality we understand that their best guess is just that, a guess. However, we acknowledge two things; first, their guess is an informed and educated guess and secondly, it...
The headline above is a comment made by Warren Buffett during a recent interview. Now I’m going to give Mr. Buffett the benefit of the doubt. No question he has an army of financiers that can calculate the return of the S&P 500 during that time period. So I will...
