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Family Cohesiveness: Learnings From The Pandemic

By: Angela Smith Can Families Walk Away Stronger? A pandemic can create an environment of disruption, uncertainty and fear. On the other hand, it can spark innovation, creativity, and the opportunity for development. Consider for a moment the family distillery that...

Being 100% Right on the Trend and 100% Wrong on the Execution

Let us assume we know that the price of sanitizer will go up. Our initial reaction might be to visit the closest store to buy what we can because we are an avid user of sanitizer, constrained only by our ability to store it. Imagine instead if we purchased sanitizer...

Howard Marks’ Memos

In the first of the four memos, Nobody Knows II, I described the distinction made by Harvard epidemiologist Marc Lipsitch.  He said there are (a) facts, (b) informed extrapolations from analogies to other viruses and (c) opinion or speculation.  At that point, I...

How Liquid Should We Be?

By: Mo Lidsky Northern Rock stood for over 150 years, was traded on the London Stock Exchange, was one of the United Kingdom’s largest retail banks, accounting for as much as 10% of all British market home mortgages. Then, on one fall day in 2007, it collapsed....

How Do I Know I’m Making the “Best” Decisions?

Video #4 of Mo’s Daily Video Updates: ‍ Transcript‍ ‍How do I know I’m making the best decision? Amidst today’s turmoil, many investors are contemplating whether they should liquidate some holdings, whether they should invest in companies whose prices were beat up? Or...

Fighting Complacency

By: Mo Lidsky …excerpt from Mo Lidsky’s latest book, Partners in Preservation A simple way to combat portfolio complacency is to ask a simple question: If I had to recreate my portfolio today, would it look the same? If the answer is no, it is time to...
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