Last week I attended a lecture on the investment implications of the rise of political populism. The lecture was delivered by the Head of Research and Investment Strategy at a large global asset management firm. The content of his presentation was excellent, and he was an expert and insightful presenter. And, he was speaking to me from London, England, arguably… Read more →
A Very Quick Note
As of the time of this writing, slightly more than halfway through this calendar quarter our clients’ investment accounts have gained 3.51% on average, a very good quarter so far! Read more →
Safer Cars and Less Safe Pensions.
First a bit about safer cars. If you have read my blog posts you know that I expect transportation to change dramatically during the next 5 to10 years. I expect costs to be substantially reduced. I have mentioned the Uber effect. I have mentioned my niece in Chicago who uses Uber to get around town. I was with her recently, and she… Read more →
Quick Note About Interest Rates.
“On Thursday, investment-grade-rated Walt Disney Co. locked in the lowest long-term borrowing costs of any U.S. company in history when it issued 10-year bonds with a 1.85% coupon and 30-year bonds with a 3% interest rate, according to LCD, a unit of S&P Global Market Intelligence.” This news is from the WSJ on this Monday morning, July 11, 2016. What does… Read more →
Second Quarter 2016: It Was Better Than You Think.
Our investors were rewarded this quarter with positive returns. Every one. The average total return was about 2%. Domestic inflation for the quarter is not yet known, but is expected to be around .5%. FPAI clients, your second quarter preliminary asset management reports have been posted to your secure web portals. Who is Mary Barra? She is the CEO and… Read more →