After a few years of healthy gains we have seen the median existing home price slip roughly 6-7% during the 2nd half of 2015: ... Continued
The Investor’s Folly
The following chart tells a timeless tale of investor psychology: As equity prices trend higher investors are willing to take more risk, however, at... Continued
Ephemeral Liquidity
Howard Marks, the legendary founder of Oaktree Capital Management, is out with his latest quarterly memo and it is titled "Liquidity". Marks offers us a treatise... Continued