Liquidity—the growing scarcity of it right now—is something that has bothered us for a while. It’s getting harder to turn an asset into cash. Higher liquidity implies the ability to sell quickly at a price similar to recent pricing. One way of thinking about liquidity is to consider the difference in the liquidity of a house (not very liquid) versus publicly-traded equity (typically very liquid). You can often measure in months, or even years, the time from the moment of the first action to sell a house to the point where the proceeds of the sale are in your bank
Wins above replacement (WAR) is a baseball metric that describes a player’s value in terms of how many more wins he brought to his team than a replacement-level player at his position would have. It is a measure of the effectiveness of an individual within the team and a statistical attempt to quantify if he is worth what he is being paid. Ranking players by WAR might seem harsh, but a company’s resources are finite; it has to deploy its capital strategically and responsibly.
The same can be said for selecting suppliers and partners. Replacement of a supplier may not be
The global equity markets provide the closest thing we have to a free lunch. With little effort, they provide individuals with the means of growing their money over time and above the rate of inflation, thereby providing a savings method that not only preserves purchasing power but increases it.
However, your mom was right when she said there is no such thing as a free lunch. The cost of achieving the markets’ potential is suffering through its volatility. All publicly traded investments likely will gyrate around the eventual trend of progress they can produce. Some of those gyrations will be large
Boston, MA—February 26, 2019— Auour Investments has been awarded a Top Guns designation by Informa Investment Solutions’ PSN manager database, North America’s longest-running database of investment managers. Four of the firm’s investments strategies were recognized for their 1 or 3-year performance for the period ending December 31, 2018.
“We are pleased, once again, to be recognized for our performance. Our processes became more defensive at the beginning of 2018 and continued to signal a period of heightened uncertainty throughout the year” stated Joseph Hosler, managing principal of Auour. The firm focuses on delivering ETF-based investment strategies that target full participation in