I’ve spent about 25 years in the financial industry.  Many of those years were spent working at or for large financial institutions in the Northeast.  I’m so thankful for that period where I was to learn from smart people, travel to many locations for the first time, and make contacts who have become lifelong friends.

And I also learned a great deal about who I was, what I think I have to offer others, and where I’m called to spend my time and efforts.

The unfortunate reality about the financial industry…

A whole generation of quantitative analysts have been taught that volatility equals risk.  The thought process goes that if an asset price is more volatile, then it is much more likely to move against you.

So the more volatility in prices, the more risk in your portfolio.

I was taught that volatility does not equal risk, but rather that volatility equals opportunity.

One of the regular viewers of my daily market recap show reached out after I mentioned Louis Rukeyser and the infamous show Wall Street Week.  He remembered watching the show in the early 1980s and following the insights of technical analyst Robert Nurock who provided a Technical Market Index for the show, also known as “The Elves”.