Discover Pendragon Capital Management’s view of the financial markets and some of the thoughts that go into our investment decisions.
There is nothing so disastrous as a rational investment policy in an irrational world.”
John Maynard Keynes
How do you look at risk in your investing decisions? Thinking about the markets, I thought of a lecture I attended where legendary investor Howard Marks discussed how he looks at risk. His insights in this regard are always relevant and especially noteworthy in today’s market. The Risk of Holding an Asset Marks’ first observation…
Value investing with a strong contrarian bend defines Pendragon Capital Management. That’s because we believe strongly in the value of not timing the market, having a long-term investing perspective, and being disciplined about financial decisions. From personal experience, we see this combination as the most effective approach for building wealth over time. It’s the best…
Concerns that a trade war will lead to a recession have spread around the globe. The possibility of retaliatory tariffs is on investors’ minds, with China responding with counter-tariffs, increasing the odds of a worst-case trade war scenario. Markets in Asia and Europe have declined alongside U.S. stocks. There has been a “flight to safety”…
Have you made a will? If you have, when was the last time you reviewed it? In this article, based on a webinar with legal expert Kevin Farrelly, you’ll learn more about the process behind making wills. Understanding the Estate Planning Process and the Role of Wills Wills are an essential part of the estate-planning…
Business cycles play a significant role in financial planning. Why? Because they are inevitable and have distinct phases, as I discuss below. Understandably, I have received many calls from clients concerned with the recent stock market decline. The post-election rally has “round-tripped” and then some. The uncertainties of the times have given many investors a…
Investor concerns over the recent underperformance of technology stocks have raised questions about concentration risk and the broader market. Strong returns among artificial intelligence stocks have supported portfolios over the past few years. At the same time, they have raised questions about the sustainability of the market rally. Concerns for tech stocks primarily include concentration…
What value does financial planning bring to your life? Ultimately, it helps you plan for the unexpected in life so you remain financially sound. This article explores the different life stages, highlighting how planning can benefit you financially along the way. The Game of Life and Financial Planning at Every Age Are you familiar with…
Here follow perspectives on the market given a nervous start to 2025 to help set expectations for your investment portfolio. Concerns About the Stock Market in 2025 The stock market has struggled in recent weeks as concerns have grown around interest rates, market valuations, the direction of the economy, and more. Some industry sectors, like…
What would you say to resolutions that simply require attention at the beginning of the year to provide you with value? That’s what you’ll find with the 9 financial resolutions detailed below. Unlike traditional New Year resolutions that often wind up abandoned before January’s even over, these aren’t too time-consuming, complicated, or unpleasant to stick…
How does the national debt affect investors, especially when it is so large? Let’s explore. According to the U.S. Treasury, the national debt is quickly approaching $36 trillion, a fact that has fueled concerns among investors and economists. This means that the federal debt has nearly quadrupled since before the 2008 global financial crisis, and…
