In the feature article of this issue of Investorview, Chief Investment Strategist Scott Clemons provides an outlook for the economy and markets in 2020 by first looking back at the history of economic cycles. In the face of numerous global uncertainties and heightened valuations, markets don’t need a reason to correct; nevertheless, a patient and disciplined focus on value, rather than price, will help BBH’s clients navigate current and future volatility.

Also in this issue, Chief Investment Officer Suzanne Brenner and Senior Investment Analyst Tom Martin look back at an exceptionally strong finish to a stellar decade in the markets, and in light of the longest bull market in history, they provide advice to investors on asset allocation, risk management and the outlook for the market as we look ahead. We discuss investing in private markets, which is an important component of many client portfolios. In this article, Caroline Thomas and Thomas Martin, both Senior Investment Analysts, provide advice on how to construct a prudently-sized private markets portfolio with adequate diversification. Finally, we discuss retirement planning and encourage clients to review their plans. The new Secure Act rewrites the rules of the road for IRA owners, especially those who might inherit IRAs.

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