Blog Archives

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,

Read more ›

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.”

Read more ›

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.

Read more ›

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.

Read more ›

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.

Read more ›

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.

Read more ›

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


Deep Domain Knowledge – Finding Your Calling

niece Dr. Wolf - May 2017

A few weeks ago I referenced Bob Dylan’s recommendation that we find our calling. I saw this in action last week and had this supplemented by some of the things I read. I had the pleasure to go to Philadelphia to attend the graduation of my niece from the University of Pennsylvania where she was awarded a Ph.D.

Read more ›

Posted in Advice, Economy, Investing, News, People, Personal, Uncategorized, Wealth


Shifting Into Reverse – Where is The Auto Market Headed?

Auto

Auto sales have been one of the real bright areas of the economy ever since the “Cash for Clunkers” program ended and sales dropped back down to recessionary levels. The following chart shows how they have grown by approximately 100% from trough to peak.

Auto Sales

US Total Auto Sales

Unfortunately,

Read more ›

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


I Didn’t Build That!

Build

I have to confess that I’m feeling a bit guilty about something. A few weeks ago someone sent me a message on LinkedIn within 15 minutes (if not less) of me accepting his connection request. My usual experience with that one-two punch is not very favorable as it often relates to someone wanting to sell me something,

Read more ›

Posted in Economy, Investing, News, Trends, Wealth


Man Up Revisited – Winners Like Apple and Amazon

Apple Amazon.com

Last week I discussed a fascinating study that asked whether stocks outperformed T-Bills. Surprisingly, the answer was that most stocks do not and the bulk of stock market returns have come from an incredibly small number of companies that have produced the estimated $32 trillion in wealth (returns in excess of T-Bills) between 1926 and 2015.

Read more ›

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


Categories

Free Insights