Mar 09

the-destituteAs we watch the financial news and celebrate the market’s new highs*, let’s not forget those for whom these numbers really have no meaning. The poor and not so poor who simply haven’t saved. Nearly half of us have little to no savings at all.

* I know, the S&P 1500 of today isn’t the S&P 1500 of the year 2000, there’s some adjustment for the dividends along the way as well as inflation. One more reason the indexes are meaningless, it’s each year’s return that matters.

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Jan 02


As some of you may know, I spent a few days around Christmas in New York City with my daughter. Fortunately, the scene above was encountered far less than we expected. Still sad to see anyone sitting on the street.


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