September 8, 2023
When is water no longer wet? When does sweet lose its taste? When do happiness and joy no longer feel like the best feelings one could ever have? Loss can take a lot of that away. Loss can rob us of all of life’s meaning and pleasure, those feelings that are so critical to who we are and the smiles we have on our faces. It is so easy to look across the street and say, “They have it so much better than me,” or “No one REALLY understands what I am dealing with.” But, in reality, none of us […]
September 2, 2023
The Stock Market August is often a turbulent month for Wall Street, and August 2023 was no exception. For the month, the three major stock market indices performed as follows: S&P 500 -1.77% Nasdaq Composite -2.17% The Dow -2.36% A strong close to the month – including four winning days for the S&P 500 and the Dow and five consecutive positive days for the Nasdaq Composite – couldn’t keep the stock market out of the red. In August, the tech-heavy Nasdaq saw its worst monthly losses for 2023 and worst month since December 2022, while the S&P 500 saw its […]
September 1, 2023
Work hard? For what? Exercise hard? For what? Eat right and take care of yourself? For what? That “for what” is what we have to all solve for in life. Imagine training for a marathon but not knowing that the distance was 26.2 miles. You would have no way to train for the race, no way to check in on your progress. A goal without a reason – the “for what” – becomes meaningless. We must OWN the goal. We must own who we want to become and, more importantly, know why. Ultimately, that goal (and that for what) must be for […]
August 25, 2023
In the movie The Natural, at the opening of the film, Roy Hobbs’ father looks at him and says, “You have a gift, a talent. But that’s not enough.” Unfortunately, the young Hobbs, preternaturally gifted at baseball, has to learn that lesson on his own, as a crazed fan shoots him while he’s on the way to a tryout with the Chicago Cubs. In the iconic film, it takes Hobbs, played by Robert Redford, a full 16 years before he can come back to baseball from the injury, this time with less natural talent but far more perspective and appreciation […]
August 18, 2023
Last week, I went to a Dodgers game with my son. It was Orel Hershiser Appreciation Night, and the legendary pitcher was being admitted into the Dodgers’ Hall of Fame. For those who don’t know, Orel was a fresh-faced rookie when the Dodgers called him up to the majors in 1983. During his time in LA, Hershiser excelled, becoming a three-time All-Star and winning the Cy Young award. And then, there was ‘88, a fairytale playoff run that cemented his reputation as a baseball immortal. Anyways, at the game last week, a host of Dodgers greats from the past were […]
August 11, 2023
Years ago, a very dear friend and mentor said to me, “Kid, the most successful people I know are the angriest. And you are the angriest person I have ever met.” On face value, I took that as a compliment, as being told you’re successful usually is. But it’s what he said next that still sticks with me to this day. “But you will never reach your true potential until you solve for that,” he went on. You will never reach your true potential until you solve for that. It completely rattled me at the time, opening my eyes to the […]
August 4, 2023
“Thank you,” Andre said. “For what?” I said. “For calling me out and holding me accountable,” he replied, putting his hand on my shoulder and looking at me with a knowing smile. “You are a true friend.” My client and dear friend, Andre, is a chef. He’s one of the best, thriving professionally with endless accolades. But he was struggling personally, his weight ballooning. He was out of control. One night, while at a charity event, I saw him eating and drinking with abandon. Now, to keep it in perspective, he had quit smoking a year earlier. Andre blamed his weight gain […]
August 1, 2023
Stock Market In July, stocks continued their favorable run, turning bear to bull in 2023. For the month, the market’s three major indices performed as follows: S&P 500 3.1% The Dow 3.4% Nasdaq Composite 4.1% For the S&P 500 and Nasdaq Composite, July marked the fifth-straight month of gains, the longest green streak in approximately two years. Year-to-date (through July 31st), the market’s major indices have performed as follows: The Dow 7.3% S&P 500 19.5% Nasdaq 37.1% Through the first seven months of 2023, the S&P 500 registered its best start of any year since 1997, while the Nasdaq saw its highest-gaining […]
March 1, 2023
Stocks Stocks finished the last day of February in the red, which was indicative of a month that saw losses for the three U.S. equity benchmarks. For the month of February, the stock market’s three major indices performed as follows: Dow -4.2% S&P 500 -2.6% Nasdaq -1.1% Inflation Inflation took an unexpected turn through January, disappointing what was hoped to be a deflationary trend. For the month, the Consumer Price Index (CPI) increased 0.5% month-over-month, rising 6.4% on an annual basis. That outpaced forecasts, which had anticipated that 0.5% monthly increase but only a 6.2% annual CPI increase. Furthermore, […]
February 1, 2023
Stocks Stocks rallied on the last day of January to finish off a banner month. Through January, the major stock indices performed as follows: Dow 2.8% SP 500 5.8% Nasdaq 10.7% For the tech-heavy Nasdaq Composite, that was its best January showing since it gained 12.2% in 2001. *** The S&P 500 Index, Down Jones and NASDAQ are market indexes generally considered representative of the stock market as a whole. The index focuses on the large-cap segment of the U.S. equities market. Indices are unmanaged, and one cannot invest directly in an index. Past performance does not necessarily predict […]