Much Adieu about Nothing

The anticipated speech from Ben Bernanke this morning reminded me of the Greenspan years. When we would all wait for his “comments” then after them we would all look at each other and say “what did he say”. I had déjà vu this morning.

If this market has found a bottom without Ben accelerating the printing press (that Governor Perry so eloquently alluded to recently), we might realize that Presidents do not control the economy and the Federal Reserve can’t either. What we may see (emphasis on MAY) is our basic principal; Free Markets Work.

The market is very oversold in every sector; except for gold which I consider an outlier due to the fact that gold prices are dictated by fear and greed not by any fundamental basis. Remember I do not attempt to predict, only observe and then take advantage of mispriced opportunities. This is probably what Buffet saw with his current investment in Bank of America. I am not Warren although I spend a lot of time analyzing his investment theory.  Because of Warren Buffet I am now bathing instead of showering, that my friends might be the secret I have been missing. Where is my rubber ducky?

Now back to a more serious note. Your account statements will show the effects of the debacles of the last thirty days. However, we are daily running our analytics on your portfolios to make sure our risk profiles are still within our parameters. I have told many of you my job is to tell you about that bump in the runway instead of it being a surprise. The positive is that we have been able to allocate funds to numerous mispriced assets that I truly believe will greatly profit us in the very near future.

Thanks for reading and hope this helps.



About billriley

Chief Executive Officer, Chief Compliance Officer A co-founder and shareholder, William Riley is a 33 year industry veteran, who observed, many years ago, that over time institutional investors typically outperform individual investors while accepting less risk. In his role as Chief Executive Officer, Bill works tirelessly to make the wealth management strategies used by the world’s wealthiest families and largest institutions available to our firm’s individual clients. Bill combines fundamental and technical analysis to minimize investment portfolio risk and maximize potential returns. He uses a variety of non-correlated asset classes, including alternative investments, to minimize portfolio volatility and seek absolute returns in down or flat markets. Finally, Bill believes in a comprehensive approach to wealth management that fully coordinates and seamlessly integrates portfolio management, risk management and asset protection, trust, estate, tax and charitable planning. Prior to co-founding Riley Wealth Management ,LLC, Bill held management positions at Merrill Lynch, UBS, Raymond James, Paine Webber and J.C. Bradford. Bill founded Fort Worth branches for Raymond James and J.C. Bradford. Prior to entering the financial services industry, Bill ran his families closely held businesses. Bill’s experience operating family businesses combined with his wealth management experience makes him uniquely qualified to advise entrepreneurs and business owners on a variety of matters including complex and sensitive issues relating to business succession. Bill’s degrees and designations included a Masters Degree in Business Administration (MBA), the Chartered Financial Consultant designation (ChFC), the Chartered Life Underwriter designation (CLU) and the Wealth Management Specialist designation (WMS). A Fort Worth native, Bill is a TCU alum and active in many civic and charitable organizations. Bill and his wife, Marsha, now reside in Colleyville, and they have four grown children and four grandchildren. When he is not working on portfolios or studying financial markets, Bill can be found on the golf courses of Ridglea Country Club.
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