Over the weekend, Western nations agreed on new sanctions to further isolate Russia, by seeking to prevent its central bank from using foreign reserves to blunt sanctions and excluding some Russian lenders from the SWIFT messaging system that underpins trillions of dollars’ worth of transactions.
The investment landscape and our lives during the past couple of years have looked a bit like that of a road trip, complete with detours and bumps along the way. Despite these short-term setbacks, we would inevitably reach our destination.
There are a few foolproof ways to make yourself sound smart. One is to dwell and pontificate on the negative and what might happen to take the world down. The other, is to use fancy lingo to explain a simple concept.
As humans, we constantly wrestle with trying to make the complex simpler in order to make it fit within a framework that we can understand and control. 2020 was a reminder that life is sometimes complex, and that… is unavoidable.
When we started our careers in the investment industry over 20 years ago, we would have never predicted writing something called a BLOG, let alone a Blog with this title. Well…. here we are.
We hope that everyone is taking the time to enjoy the summer! Within this blog post, we thought we would take a break from markets and the economy.