As you may or may not have seen, there has been a bit more volatility in the markets than usual. And by “volatility” we are talking about downside moves since no one complains about volatility on the way up. A correction is typical and healthy in bull markets, and this one is no different. All of th...

Not long ago, a client emailed me asking if we had any exposure to business development companies (BDCs) in his portfolio. He was asking because he clearly noticed media headlines about steep declines in software stocks and BDCs.  The catalyst was the theory that AI is going to displace the need for...