Mother’s Day 2020 ++
By Julien B. Booth
May 10, 2020
I hope this note finds you safe.
Happy Mother’s Day 2020. In a world gone mad, Mothers are the constant that model kindness, integrity, and immeasurable unselfishness. Thank you.
The world is going over the waterfall of change. We have attempted for some time to provide our insight…but it is often hard to understand until it can be seen.
I am so grateful to have been raised in the 1970s. Things were not easy at my house with a single mother, no air conditioning, and a Ford Pinto in the drive.
It built character, resilience, and durability – and we know how to grow/raise our own food.
Our portfolios are built for durability. As things “normalize” the great chase for yield will return. Anyone with a need to asset-liability match (pensions, insurers, etc.) will be forced to chase anything with a positive yield.
The positions we hold are durable and can withstand the reality to come. Pricing will recover in due course, in the meantime dividends/interest payments are safe.
Thank you for your interest. We appreciate the opportunity to work for you.