The Big Picture

One of the great problems writing this missive from week to week is getting too buried in day-to-day events. When that happens, it is very easy to lose sight of the big picture – the very big trends that often occur less than once in a lifetime, but can have monumental impact on our personal and financial well-being.

One of the better long term thinkers in the investment world is Ray Dalio, the founder, and now retired CIO of Bridgewater Associates, one of the largest private investment funds in the world. Dalio grew Bridgewater based on a study of cycles through history, and learning how to respond to events by understanding that history. Whether you agree or disagree with Dalio doesn’t really matter. His comments are always useful in recovering the long term cyclical perspective that is so easily lost in our Instagram world.

This highly recommended interview from the Wall Street Journal is about 25 minutes long. Be sure to give yourself enough uninterrupted time to watch it completely. Click the picture below to start.

Have a great week!

What We’re Reading

People’s last words are often these 4 phrases: What they teach us about living happy, meaningful lives


Shares of Dell fall 16% as AI servers are sold at ‘near-zero margins’


Big Tech stocks are dropping sharply


The Fed’s preferred inflation measure rose 0.2% in April, as expected


Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where PWM and its representatives are properly licensed or exempt from licensure. For additional information, please visit our website at

The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor.

The views expressed in this commentary are subject to change based on market and other conditions. These documents may contain certain statements that may be deemed forward‐looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.

All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.

, , , ,

General News

By: Adam