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Newsfeed: “US Banking Will Be Forever Changed”

Newsfeed: “US Banking Will Be Forever Changed”

All our client money is held in our investment funds, and excess fund cash is in T-Bills for security, so I wasn’t asking about that. I was asking about cash that our firm had on deposit at a commercial bank. Like so many other small and medium sized businesses, that in aggregate make up the US economy, we turned to a local bank when we started the firm in Santa Barbara, California, 10 years ago this week.

Can you handle the truth?

“You can’t handle the truth!”   – Jack Nicholson in A Few Good Men Neither optimists or pessimists can handle the truth.Optimists refuse to acknowledge the part of reality that’s negative … … while pessimists can’t see the ever-present opportunities hidden behind the problems. While we’d rather be optimistic than pessimistic, maybe it’s better to be BOTH.“The …

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