Hardly a day goes by without an article predicting an impending stock market crash. As we reiterated in a recent commentary, now is not the time to chase hot investments. However, we do not profess to have any insights on the timing of the next crash, and we certainly do not advocate selling your stocks or stock funds.
Global capital markets were broadly higher in the second quarter, continuing the trend from Q1. Within our typical client portfolios, 10 of 12 asset classes notched positive returns for the quarter (your own portfolio results may differ – please refer to your Quarterly Portfolio Review Report).
Total S.A., one of the world’s largest oil companies, was reported in a recent article as seeing its future in electricity generation, rather than oil production. This is a startling admission in our opinion and worth mulling over.
Berkshire Hathaway’s 2017 shareholder meeting was held on the first weekend in May. The Wall Street Journal carried a helpful live-blog with notes from the lengthy Q&A session with Warren Buffett and Charlie Munger (the event’s main attraction).
U.S. stocks continued their march higher during 2017’s first quarter. The S&P 500, an index tracking the 500 biggest companies traded on US stock markets, was up over 6% in the quarter, and is up more than 17% over the past 12 months (including the reinvestment of dividends).
Berkshire Hathaway: In Praise of Synthetic Leverage Posted on March 22, 2017 “Life is like a snowball. The important thing is finding wet snow and a really long hill.” –Warren Buffett A few weeks ago, Warren Buffett published his annual letter to shareholders of Berkshire Hathaway–one which we read with interest each year.