Wednesday Reading List

ICYMI: Ukraine Reading List – Updating this Ukraine reading list (and brief investment thoughts) to include some books and new articles and podcasts.


How Much Umbrella Insurance Do I Need?

Determining how much umbrella insurance you need is not a perfect science, but there are prudent ways to evaluate your unique circumstances. This post shares resources to help you figure out how much umbrella insurance you may need.


Fixed Income Complacency – The Practical Side of Fixed Income Today

While rising interest rates, inflation and changing fixed income markets is not new, it may feel that way. Recent and even long-term history lulled some investors into fixed income complacency. This research paper explains how fixed income works, looks at where we are today and provides practical strategies for investors to employ in this environment.


Dividend Stocks Don’t Yield Ballast for Your Portfolio. That’s Why You Need Bonds.

High-yielding dividend stocks got crushed during the 2007-09 recession, a reality that explains why well-balanced portfolios still need bonds.


Will Rising Federal Debt Slow Economic Growth?

Over the past 70 years, rising government debt generally has been accompanied by weaker economic activity. But it’s not a simple relationship. Learn more from Chief Investment Strategist Liz Ann Sonders.


Podcast Recommendation

Could Putin’s War Crash the U.S. Economy? 

Economic crises are piling up. U.S. inflation was surging before Russia invaded Ukraine. Since the war began, commodity prices have spiked, with gas screaming toward $5 a gallon. And now China is facing a new COVID wave. What is happening, and how will it end? Jason Furman, chief economic adviser to the Obama administration and professor of economics at Harvard University, is back on the pod to answer our burning economic questions, like, “Are we headed back to the 1970s?


Here’s Where Active Managers Outperform

The passive-active debate is addressed well in this piece. Active managers shine most in large-cap investments outside of the United States, according to Investment Metrics.


The Pendulum in International Affairs

Howard Marks’s latest memo connects two seemingly unrelated trends – Europe’s energy dependence and U.S. offshoring – to explain why the pendulum of companies’ and countries’ behavior may be swinging away from globalization and toward onshoring. This shift will likely create risk for investors but also opportunities.

Podcast version here.


Book Recommendation

Coach K: The Rise and Reign of Mike Krzyzewski by Ian O’Connor

The definitive biography of college basketball’s all-time winningest coach, Mike Krzyzewski.