As you already know, we are in unprecedented times. The first quarter of 2020 marked the worst performance in history for the Dow Jones Average, crude oil had its worst quarter ever, and credit volatility is surpassing the extremes of the Great Financial Crisis. Should we panic about our portfolios? Absolutely not. We understand moments like this can be frightening as bad news is everywhere. Drawdowns happen over our investing lives, which is why we always preach fundamentals, discipline, and patience.
In our spring note we are focusing on what we know best: 1) what’s in front of us economically, and 2) how to view your portfolio. As always, our focus remains laser sharp on the long term as we go into a period of short term economic uncertainty. These volatile times are usually defined by a financial crisis creating human stress. This time however, we have a human crisis creating financial stress.
