“General” Articles:

May 10, 2016

The Behavior Gap

Written by: GFS Private Wealth Categorized in:

Over this past Mother’s Day weekend, the Wall Street Journal printed an interesting article in their “Overheard” column.  While brief, the article reinforces a message which is the foundation of our investment philosophy–a message that I will state again here, as it cannot be overemphasized: Investor behavior is the primary determinant of investment success. The WSJ highlighted the fact that...

February 18, 2016

The Antidote To Financial Myopia

Written by: GFS Private Wealth Categorized in:

From its high-water mark on May 21st of last year to the close on February 11th, the S&P 500 declined 14.2%—a perfectly normal correction by historical standards[1].  But rather than viewing the first true correction in more than four years as the overdue event that it is, the average investor seems to be running scared.  Responses to surveys designed to gauge...

October 26, 2015

Market Update

Written by: GFS Private Wealth Categorized in:

In light of recent volatility in the financial markets, we would like to pass along a slide which we have shared many times over the years. The Purple Dots Each purple dot on this chart represents the largest intra-year decline per calendar year.  While there are some visible outliers like 2001-02 and 2008, the average intra-year decline for the S&P...