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Q: We charge fixed prices, renewed/adjusted annually. With some clients, I continue to have..
A: I'll be happy to. (1) Write everybody a letter,...

Q: I have a handful of clients who are blessed to have wealth that would appear to easily exceed..
A:I don't think I have any insights beyond the painfully obvious, to wit: the .....keep reading

Q:We just completed a full financial plan for a high net worth couple, and are ...
A:That's what I thought you'd do: respond in dollars versus basis points. She's ...

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The economic, market, and credit cycles - as we've recently been forcibly reminded - don't actually change very much. (There are no "new eras," or - perhaps more accurately - all new eras end. Quite badly.) And human nature doesn't change at all. But what does change is life....keep reading

August 2002 PDF Newsletter...keep reading

Paul Simon wrote the song "Old Friends" in 1968, when he was 27 years old......keep reading

June 2003 PDF Newsletter...keep reading

I recently had a thoughtful email from a subscriber who--relying on the peerless work of Frank Maselli--has determinedly begun a new series of seminars. He reports that attendance has been good, as people cast about for some way to apprehend the enormity of what's going on in the world, and especially as they seek to find a new advisor in whom they can believe. This, says my correspondent, pretty much concludes the good news....keep reading

March 2003 PDF Newsletter...keep reading

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January 2004 PDF Newsletter...keep reading

It is axiomatic in the financial advice industry that all the great secular trends are running toward us rather than away from us. I mean to suggest here that this positive flood tide, as a consequence of the most recent economic and political chaos, may very well be rising further, in a new and important way....keep reading

The "Ask Nick" feature of this newsletter serves, for me, as an extraordinarily effective jungle-drum network: I pick up trends and concerns in the advisor community that don't get commented on in the mainstream....keep reading

Q:I continue to struggle with the "elevator speech" -- the quick, pithy answer to ...
A:I guess I've never been able to figure out what was wrong with, "I'm a ...

Q:With the equity market making new highs a couple of months shy of five years ...
A:If it's any comfort, you are about the tenth subscriber to raise this exact issue ...

Q:[Editor's Note: This inquiry is not from a subscriber.] I'm getting a huge lift from ...
A:Let me answer the narrow, stated question first, and then I'd like to volunteer a ...

Q:[Not a week later came this inquiry, also from a CPA-trained non-subscriber. ...
A:Yours is a wonderfully unconscious statement, and a holdover from your right-...

Q:I've seen two presentations in fairly quick succession -- including one by ...
A:Yes, a number of thoughtful observers (including Moshe) are concentrating on ..

Q:I have all your books, and constantly refer to them. I have been through all ...
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Right around the time you get this edition -- on the first of May, to be precise -- I'll begin my fortieth year in the financial services business. I started my career as a pitifully wet-behind-the-ears stockbroker trainee in E. F. Hutton & Company's training class #22, on Monday, May 1st, 1967....keep reading

Q: The top client in my book has been giving me trouble lately because of the ...
A;This seems to be something of a perfect storm. Your single largest account is ......keep reading

January 2007 PDF Newsletter...keep reading