Reversal of fortunesThe most surprising reversal coming into 2019 was not in the two Champions League semi-finals where Spurs and Liverpool both upended their more favored opponents, Barcelona and Man City in dramatic

Especially when markets rally, the crowd divides into largely these two main camps. Those driven by greed and fear. These are primitive and natural desires that drive the impulse to chase market rallies or to lock-in the profits and flee.

There are a few good men over the past century who we can call the true giants of the investment world. They made a deep lasting impact on future generations of investors because of their contributions to the industry and to the broader society.

The biggest impending threat isn’t some environmental disaster like an earthquake or a meteor strike, nor is it the threat of a nuclear war breaking out. It is the global pension crisis.

Rising interest rates have made investors nervous about investing in bonds. But you too, should stay the course.

Don’t blindly turn away from active bond fund management. The passive strategy in bond investing unfortunately does not work as well as it does in stock investing.