Planes, Trains and Automobiles Part Duex

In the last newsletter, I offered my perspective on the Dow Jones Transportation Index (DJTI) in the form of proxies that most everyone finds familiar.  As expounded on in March, planes, trains and automobiles are important foundations of a successful U.S. economy and equity market.  When reflecting on topics for May’s missive, it became clear while reading Berkshire Hathaway’s latest annual report that expanding on the trifecta might not only be fun, but also prove informative in a very portfolio specific way. It will not come as a surprise to readers who have owned Berkshire Hathaway (BRK.A & BRK.B) for a number of years, or to those who may have just purchased the company stock last year, that its per-share market value experienced a drop of 12.5% in 2015.  While somewhat disappointing, we concluded the decline created an attractive discount to the company’s fair market value.  Select legacy holdings and new positions were subsequently increased and added, respectively.  While it is impossible to predict long term results, we are pleased to share that BRK.B (share class owned by Clearview clients) Read on! →

Did you know the Serenity Prayer applies to your financial plan?

Many of us are familiar with the Serenity Prayer.  Most individuals understand there are areas of their lives which they can’t control, as well as areas which are entirely within their control.  Thankfully, having the serenity to accept, the courage to change and the wisdom to know the difference might just make the financial journey more enjoyable. In financial planning, there are aspects which are “known” and entirely in your control.  There are also those things which are “assumed”, that may or may not be in your control and that can lead to an uncertain outcome.    A well-constructed plan dives into the details of your life, documents the known factors, and makes educated assumptions about what the future might hold and predicts an outcome.  Some of the assumptions however, are made in areas that are entirely out of your control and therefore can sometimes seem like a shot in the dark. So what does all of this mean for a secure future?  For retirement planning to be most successful, you must distinguish which areas you can control and those you Read on! →