Why is it possible to rescue S&L buccaneers in the early '90s and provide guidance to levered Wall Street investment bankers during the 1998 long-term capital management crisis, yet throw 2 million homeowners to the wolves in 2007?

Both from the standpoint of stocks and bonds, an investor wants to go where the growth is.

If financial assets no longer work for you at a rate far and above the rate of true wealth creation, then you must work longer for your money.

Be cautious and content with low positive returns in 2015. The time for risk taking has passed.

I have a 41-year track record of investing excellence… what do you have?

I am tough but I have a soft side.

When does money run out of time? The countdown begins when investable assets pose too much risk for too little return; when lenders desert credit markets for other alternatives such as cash or real assets.