Decoding the Greenback

If you want to impress your friends with your vast knowledge of financial matters, then here are the Latin translations of the script on the back of a US dollar bill. “ANNUIT COEPTIS” means “God has favored our undertaking.” “NOVUS ORDO SECLORUM” translates into “A new order has begun.”  The Roman numerals at the base […]

Bring Back the Old Asset Allocation Rules

“What to do about asset allocation” is the one question that I get every day, which I absolutely cannot answer. The reason is simple: no two investors are alike. The answer varies whether you are young or old, have $1,000 in the bank or $1 billion, are a sophisticated investor or a basic beginner, in […]

Healthcare’s Falling Knife

While driving back from my nephew’s soccer game last weekend, I needed to pick up a prescription at my local pharmacy. The line was moving at glacial speed, so I struck up a conversation with the woman in front of me, who mentioned she worked as a nurse at a UnitedHealth-affiliated clinic. “Our patients are […]