There was quite a stir in the financial blogosphere last week over the “death” of the 60-40 balanced portfolio. The portfolio of 60% stocks and 40% bonds has long been the “safe” portfolio for moderate investors.
“Fiddler on the Roof” is one of the most enduring musicals written. It first previewed here in Detroit in 1964, and I see that it is returning here for the umpteenth time during the 2020 season to the same theater where it had its original tryouts 55 years ago. I’m sure there is a regional or touring company still performing it somewhere near you in the year ahead as well. If not, the movie version is always available!
We live in a country that has been focused on instant gratification for decades. And as a world leader, the U.S. has infected the rest of the world with that culture of instant gratification.
I recently wrote about how I am a true space nerd, fascinated by all things related to space exploration. So, on Saturday evening, I tuned in to Elon Musk’s update on SpaceX’s development of the Starship spacecraft.
Staff members were waiting for us at the airport, which was teeming with people when the transatlantic plane touched down. In a crowded, cavernous room, with signs everywhere in a foreign tongue, they found our luggage and escorted us through customs. Whisked into a private car, they sped us to the dock and our rivercraft.