In this month’s newsletter, we share discuss the impact of the recent collapse of Silicon Valley Bank, GPT-4 and the status of US publicly traded companies
March was a volatile month in the equity markets, most notably due to the sudden collapse of Silicon Valley Bank. We shared the following podcast on March 16th, discussing the turbulence in the market, and we wanted to share it again for anyone that might have missed it, or anyone who may want to listen to it another time.
The link for the podcast is below, and we invite you to connect with our team should you have any questions.
This chart shows the number of publicly-traded U.S. companies per million Americans. Not surprisingly, this figure hit a high of 30 near the peak of the dot com bubble. Since then, it’s declined dramatically, now around 13 publicly-traded companies for every one million people in America.
Employee Highlight
Tyler Craig
When we think of Tyler, we think “team player.” Tyler started as an intern with the firm in 2014 and then joined the team full time during the summer of 2015. During this time, he has worn multiple hats. He is our primary trader, processing daily trades as well as maintaining the firm’s trading software. Most recently, he has taken on the role of the firm’s Research Analyst, consistently analyzing companies and funds best suited for our clients and the firm’s investment philosophy. Tyler also frequently assists clients, answering questions through extensive research on possible buys and sells. In addition to all of this, Tyler has assisted with various marketing efforts of the firm, specifically with website development. While not at work, Tyler enjoys playing tennis (he is an avid tennis player – playing in college and teaching private lessons) and spending time with his friends and family in his hometown in the bay area of California. Tyler’s energy and idea generation brings great value to the team and his “Go Team!” cheer at the end of every meeting is a true motivator for all.
Investing Wisdom
“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” - Paul Samuelson
The Lighter Side of Investing
Barry Team Happenings
Kate Alves attended the Barron's Advisor Independent Summit in March. This invite-only conference was held in Dallas, TX this year and was a great week spent learning about current market trends and best business practices.
We celebrated three birthdays in March! Happy birthday to Lauren, Beth and Sharon!
The team was a sponsor for the second annual Strikes for Hope, an event that included over 400 bowlers and raised nearly $72,000 for My Brother's Keeper, a local organization that supports families in need. Whitney and her daughter Avery participated and even got a few strikes!
The team got together for some tapas and drinks at Cork to celebrate Sharon Elston's retirement on March 31st. Sharon was with Barry for nearly 14 years, most recently serving as our Chief Compliance Officer. We wish Sharon the best of luck in her retirement! Thank you for all of your hard work and dedication over the last 14 years!
Barry Investment Advisors (“BIA”) is an SEC registered investment adviser with its principal place of business in the Commonwealth of Massachusetts. BIA and its representatives are in compliance with the current registration and notice filing requirements imposed upon registered investment advisers by those states in which BIA maintains clients. BIA may only transact business in those states is which it is registered/notice filed or qualifies for an exemption or exclusion from registration/notice filing requirements. Any subsequent, direct communication by BIA with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of BIA, please contact BIA or refer to the Investment Advisor Public Disclosure web site (www.adviserinfo.sec.gov).
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