Go to Top

June 2017

Lessons From The Nashville Flood Of 2010

Sentinel newsletter logo.

Singer David Allan Coe famously said that the perfect country song had to contain “Mama, or trains, or trucks, or prison, or gettin’ drunk.” Songwriter Steve Goodman obligingly added a verse containing all five to “You Never Even Called Me By My Name.” The song’s popularity demonstrates that country fans have a sense of humor about the disasters that fill the lyrics of some of the genre’s most famous songs.

But the misery of the home of country music, Nashville, Tennessee, in 2010 was all too real.
Read More

Can Passive Investing Succeed Too Well?

Sentinel newsletter logo.

In August 2016, the investment firm Sanford C. Bernstein & Co. released the provocatively titled report: “The Silent Road to Serfdom: Why Passive Investing Is Worse Than Marxism.” The report’s prediction was that, unless regulators and politicians took precautions, index fund growth could distort the financial markets and lead to massive mispricing of securities. Indexing is becoming more and more popular, the theory went, and if everyone chooses indexing, the system will break down because no one will pay attention to stock prices anymore.
Read More