When Divorce Divides the Business

Published on September 15, 2025

Navigating this intersection of personal and business finances requires careful planning and a clear understanding of the stakes.

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YTD Asset Class Performance Shows Shift From U.S. Stocks

September 15, 2025
Until this year, U.S. stocks had consistently been the best-performing asset class over the past 15 years, so diversification did not work. And as a result of that runup, the U.S. stock market became very expensive. However, this year, diversification outside the U.S. into foreign stocks has added value, and gold is shining very brightly.

Riding the Wheel of Fortune: A Practical Guide to Lifetime Investing and Spending

September 15, 2025
We steer our financial course through life, choosing how much to spend and how to invest what’s left, periodically updating our choices as circumstances evolve. This is the essence of financial planning: specifying in advance a desired spending and investment policy conditional on relevant aspects of our life, varying investment opportunities, and our preferences for the benefits derived from our