October 11, 2023
Inflation and Interest Rates
Dear Friend:
The topic of inflation and interest rates remained top of mind for investors throughout this year and last. We will discuss recent developments, their impact on fixed […]
Executing Your Financial Plan and Expanding the Noesis Family
Dear Friend:
It is summer in the Northern Hemisphere, and we hope that you are enjoying the warmer months and longer days with […]
Risk Management and Investment Discipline
Dear Friend:
The most significant event in the first quarter of 2023 was the failure of two U.S. banks on March 9 and the subsequent panic in […]
The Challenge and Opportunity of Inflation
Dear Friend:
It has been a year since we discussed the supply chain issue, labor shortage, ongoing pandemic, China slowdown, and inflation. Some of the challenges […]
BEAR Markets, Speculators in Cryptoassets Lost $2,000,000,000,000 This Year
Dear Friend:
This summer I wanted to write about market volatility and investor behavior in down markets, and then I remembered that we […]
Focus on What to Own
Dear Friend:
Our colleague Michiel Scholten, who runs our Dutch office in Amsterdam, will discuss Russia’s invasion of Ukraine in the first part of this quarterly letter. […]
Outlook for 2022
Dear Friend:
Review of 2021
We wrote the following at the beginning of 2021: “The tug of war between greed and fear was definitely on display in 2020.” A similar […]
Opportunities Through Market Volatilities
Dear Friend:
As we are approaching the last quarter of 2021, we face many issues: the continuing pandemic, inflation, supply chain disruption, labor shortage, elevated government debt burden, […]
Longevity Planning
Dear Friend:
We often write about the markets, the economy, specific investment ideas, or strategic themes, but in this newsletter we want to focus on the planning solutions we implement day […]