One of the things I often have to remind my clients in my work as an Investment Manager is that while the sum of our parts is always going to be just fine, it is irrational to expect that each individual part will always be just fine.  We can expect certain pieces to lag or even die, but we need not fear that as long as the aggregate package is doing what we want it to do.  There is an analogy there to the way I feel about the election results on Tuesday night, in that my confidence in the sum … [Read more...]