Things You May Not Have Thought About Regarding Brexit
Well, the Brits have really done it now. All the experts told us people in the U.K. were smart enough to see that voting to leave the...
Is Gold a Store of Value or an Investment?
I Don’t Hate Gold. I Just Don’t Love It. The precious metal isn’t an investment in the normal sense. It’s just a...
No, the CRA Did Not Cause the Financial Crisis
Lending to Poor People Didn’t Cause the Financial Crisis Look elsewhere for the sources of the meltdown. Bloomberg, June 22, 2016...
Too Many Products?
Here’s a question for investors: Is Wall Street creating too many products? The short answer is yes; the longer answer may be a bit...
Looking for Real Time Data Employment Data? Try W2 Tax Receipts
The reaction after May’s disappointing jobs report was predictable: The candidates babbled, markets trembled and expectations that the...
Advice to Saudi Aramco’s CIO
Saudi Arabia is about to confront a serious challenge: Where and how to invest the money in a gigantic new sovereign wealth fund created...
Impact of Technology on Wealth Management
Financial Technology Partners is a San Francisco-based investment-banking firm focused, appropriately enough, on the financial-technology...
Deciding What to Pay Attention To
The Distraction of Investment Noise Bloomberg, June 6, 2016 This has been a very noisy few months in terms of the...
Do $100 Million Apartments Mean We Are in a Bubble ?
Be on Guard Against Bubble Sightings A surge in the number of super-expensive houses for sale doesn’t tell us anything about the...
How Reproducible is Alpha?
Is alpha, the Wall Street term for market-beating returns, sustainable? Or is it a unique, statistical outlier, indistinguishable from...