Client feedback to this part of the newsletter has varied from "I laughed so hard my belly hurt" to "That wasn't funny at all, in fact, it was quite disturbing" - with a little bit more of the latter than the former. However, while volatility may be once again agitating the wider financial markets, we are determined to make On a Lighter Note a sanctuary of stability.
We believe that fears of a full automation takeover of human productivity in the next 15 years are largely overblown. However, after reading last week in The Daily Mail that Nissan is building “self-parking” slippers, we fear for the future of man's best friend.
Happy Birthday to SPY – the SPDR S&P 500 exchange-traded fund. This was the very first ETF, and it is still the largest. It turns 25 years old today (January 22nd), and can now officially rent a car. We cannot be thankful enough for this innovation.
Economics is often one of the driest subjects taught in college. My own class was taught in the college library, in a dark and warm room, directly after lunch. Perhaps my famously soft-spoken professor would have done better to keep the attention of the class had he followed the example of the Benevolent Dictators, a music group out of Granby, CT.