Dear friends,

As we announced in June, the Observer is on hiatus for the month of August.

Hmmm … you know, it’s gone fishin’.

Disconnected.

Chillaxin’.

This is my first scheduled break from publishing in 25 years, and Chip’s first in nearly a decade. We took the opportunity for our first out-of-town trip – back to Chip’s native state of New York – in 18 months. We celebrated the marriage of Chip’s son David (in the company of her father, David) on the 17^th and spent a bit of time with her Continue reading →

I turned 66 last week and bought a retirement home in Colorado last month. By most measures, I am prepared for retirement with pensions, social security, and savings. I continue to work for several reasons including the uncertainties of markets facing seismic shifts. In the 50 years since I was in high school, so much has changed, both good and bad. These secular trends that have occurred in my life have significance for young and old investors. As Bear Bryant said, “Offense sells tickets, but defense wins championships.”

In Section #1 I look at seven long term trends that will Continue reading →