Dimon Vision. After spending almost four decades in the financial industry, I have many fond memories (along with some of the not-so-fond variety). Among my best are the times when I was privileged to work with Jamie Dimon in the 1990s. These were my—and Jamie’s—Smith Barney years and they were exhilarating.
Around the world in
eighty days eighteen minutes. For all the non-bibliophiles reading this week’s EVA, Around the World in Eighty Days is a classic novel written by French author Jules Verne. While the book is fictional, it has inspired several real-life adventurers to follow in protagonist Phileas Fogg’s footsteps and circumnavigate the world in 80 (or less) days.
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Recent populist-driven election results underscore the truth that a race cannot be called until every vote is tallied. Remember the final polls leading up to November 8th? The New York Times predicted, with 84% certainty, that Hillary Clinton would be the next President of the United States. In fact, consensus polls didn’t have Trump within 1.5 percentage points of Clinton between June 2016 and election day.
Buy-and-hold, the path to gold? Nearly 25 years ago, Jeremy Siegel’s book, “Stocks for the Long Run,” hit the market. It was an instant bestseller, at least by financial book standards. His timing was propitious, since it came out in the middle of the biggest bull market in history.