NS Capital has created a research network that gives us access to one-on-one expertise on a global scale. Better Information = Better Decisions! We have been fortunate to build an advisory relationship with a former Federal Reserve Bank President. It has been invaluable to get the perspective from someone that has “been in the room.” Below are key highlights from our conversations conducted on: February 13, 2020, March 20, 2020, and May 20, 2020 Were you surprised by the extent of the Federal Reserve’s actions? No, I was not surprised due the power of the negative shock. The Federal Reserve needed to be aggressive. The Federal Reserve did not want a repeat of the 1930s. They decided to do an
Here we are into the 20th year of this century and are experiencing the third “once in a century" event. A well-constructed portfolio and a long term horizon are the only way to deal with these events. If you have the right amount in cash reserves and the proper portfolio construction, the right approach is to practice a fair amount of benign neglect. When you think about markets you have to leverage the advantages of both time and patience. Markets are not a game for pessimists, they are a place for long term optimists and history shows the optimists ultimately win.