Market Commentary

Lessons to Learn from Puerto Rico

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Puerto Rico has a population close to Connecticut’s, with land area twice the size of Long Island’s, and a GDP near that of Mississippi. The country also has more debt than any other state in the US at over $70 billion, with the exception of New York and California. I’m not going to spend this memo discussing mundane investment cycles or economic conditions, but rather supply some perspective on the situation and what we can learn from it, not only in our investment portfolios, but also in our overall decision making. Puerto Rico is a colony in a post-colonial world […]