It seems like I have spent a lot of time in 2019 looking to the past.
Part of the reason for this is the number of significant anniversaries occurring this year and the press coverage they have garnered
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.