Fool Risk Realized

By |2017-07-14T13:36:19-04:00July 14th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Legendary football coach Bill Parcells once said, “you are what your record says you are.” It was a pearl of wisdom plucked from wherever Yogi Berra used to wander, made into a brutal truth delivered cunningly as a blatant tautology. We’ve all heard of how sports teams are “good on paper” or “better than their record”, but Parcells succinctly dismissed [...]