We are approaching the ten-year anniversary of the 2007 market top, enjoying the second largest bull market on record. A Wall Street adage posits that “bull markets don’t die of old age”. In fact, they end due to something or things very specific. The difficulty is that those “things” aren’t the same and they are difficult to recognize in advance.
There’s an excellent NY Times article I love from a couple years ago written by Roger Cohen titled, Mow the Lawn. In it, the author goes on to describe his wandering thoughts about success, work, passion and finding yourself in the “little things” of life. He goes
Fiduciary - noun. from the Latin fiducia, meaning "trust," a person who has the power and obligation to act for another under circumstances which require total trust, good faith and honesty.