Blog Archives

Psychopaths Don’t Always Finish First

psychopathShakespeare said, “[a]ll the world’s a stage.” All of us are actors in the plays of our lives.

The best actors make us believe they are not acting by morphing into whatever role they play with the totality of their humanity. The worst ones are not very believable.

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Posted in Advice, Economy, Investing, News


The B.I.S. vs. Japan – Increase In Global Interest Rates?

Japan Global Interest Increase

A few weeks ago I wrote about a B.I.S. report that hypothesized that global interest rates would rise over the next few decades as global demographics shift from a labor supply shock to a shortage as labor forces shrink in many developed countries.

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Posted in Economy, Investing, News, Trends, Uncategorized, Wealth


Focus on the Task at Hand – Big, Audacious Goals

Goals

Some people are big proponents of setting big, audacious goals. Dream big because if you don’t then you will just get the same old ordinary results as everyone else. The reality is, however, that most people are just like everyone else. And there is nothing wrong with that.

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Posted in Advice, Investing, News, Wealth


Maybe I’m Wrong? Slowing Trend In The Advanced Economies

Economies

One of the key premises that I have with regard to interests rates staying low for a very long time relates to demographics. The United States is projected to grow more slowly in the future and as a result the labor force growth will also slow which will make the productive capacity of the country lower than it otherwise would be absent material gains in productivity.

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Posted in Economy, Investing, News, Wealth


The Case Against The Phillips Curve

Phillips Curve

The unemployment rate is the most important indicator for people who are believers in the Phillips Curve. Phillips Curvers believe that there is a trade-off between unemployment and inflation. The less slack in the labor markets (lower unemployment rate) the more inflation there will be as labor can bargain for higher wages and this,

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Posted in Advice, Economy, Interest Rates, Investing, News, Stock History, Uncategorized, Wealth


Apple – Ain’t That America

Apple Steve Jobs

“A lot of companies have chosen to downsize, and maybe that was the right thing for them. We chose a different path. Our belief was that if we kept putting great products in front of customers, they would continue to open their wallets.”

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Posted in Advice, Investing, Manufacturing, News, Trends, Wealth


Hitting the Wall? Is The Fed About to Make a Mistake?

Fed Interest Rate Hike

With last week being dedicated to a much-enjoyed vacation, I thought I would let pictures do more of the talking this week.

Not surprisingly, the Fed increased its benchmark rate by 0.25%. The market fully priced this in. What is more surprising is the Fed telegraphing two more hikes in 2017 and commencing a slow reduction in its holdings of Treasuries and mortgage-backed securities beginning at the end of the year.

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Posted in Advice, Economy, Interest Rates, Investing, Stock History, Trends, Wealth


Lessons from Steve Schwarzman – Chairman and CEO of Blackstone

Steve Schwarzman

Steve Schwarzman is the co-founder and Chairman and CEO of Blackstone, which is the largest alternative asset management firm in the world. Schwarzman has built a financial colossus and extraordinarily successful asset management firm that is by far the global leader in alternative investments.

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Posted in Advice, Investing, News, Trends, Uncategorized, Wealth


What Is Your Story? Creating A Story Where You Are The Hero

Marc Andreessen said something in an interview that I have thought a lot about over the years. I have been a big fan of Joseph Campbell who was an expert on myths and deconstructing the hero’s journey into its most important components and structure.

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Posted in Advice, Investing, News, People, Trends, Wealth


Has The Performance Of The S&P 500 Always Been So Top Heavy?

S&P 500 Top Heavy

Technology stocks, particularly large capitalization ones, have been on a tear as the following chart shows.

S&P 500 Technology

Since there is overlap between the two indices, I was curious to know how the largest technology companies have impacted the overall S&P 500 return.

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Posted in Investing, News, Stock History, Trends, Uncategorized, Wealth


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