What's New?
I just recently read a paper by Dimensional Fund Advisors titled "What's 'New' about a New Normal?" The article confirmed absolutely nothing! I'd like to share a few facts from the paper with you.
Quite a few of us remember 1974. We had just experienced the worst two-year market decline since the 1930s. We were in our second year of recession―is this sounding familiar?―and the Middle East war triggered the oil embargo in late 1973, resulting in long gas lines and price controls. Nixon resigned over Watergate. Inflation in 1974 averaged 11% and mortgage rates were at 10%. The housing market was experiencing the worst slump in decades and unemployment and prices were rising. Economists were predicting another depression.
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Smart Investor Sponsors Truckee YoungLife Invitational
Smart Investor is pleased to announce that it will be a sponsor of the 3rd Annual Truckee Younglife Invitational hosted by Martis Camp. This exciting event will be held May 26 at the Martis Camp's breathtaking, Tom Fazio-designed championship golf course.
The Truckee YoungLife Invitational is an excellent opportunity to warm up for the season while supporting a great local organization and making a difference in the lives of Truckee teens. This all-inclusive event will once again feature a level of service and camaraderie that has become synonymous with Martis Camp. Last year, Smart Investor had two foursomes at the tournament. Joining us were Mona and Ray Benetti, Michael and Katherine Tatro, John Cary, Kevin Riley, John McLoughlin, and Cho Porter.
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