INVESTMENT, RISK, AND MYTHS OF ASSET ALLOCATION. One of the most thought-provoking topics we discuss with clients is that of asset allocation. These discussions are prompted as much by our views on the topic (which contrast with conventional wisdom) as they are by the challenges of...

The record poor performance of the first two weeks of 2016 has prompted many clients to ask “what’s going on?” Concerns about China, oil, geopolitical tensions, the Fed, and corporate earnings have prompted the latest round of angst and fear amongst some market participants. It’s...

In our previous commentary we assessed the 2015 economy in the context of both long-term positive underpinnings and short-term challenges. Since then, we have traveled to Florida, Washington, London, Paris, and Munich attending conferences focusing on monetary policy and the consumer industry. Attending these conferences,...

March of 2015 marks the sixth year of the most hated bull market in American history. Our nation’s media, as well as the fear-mongering market-timers who sold at inopportune 2009 levels, have chosen to repetitively focus on the negatives, even amongst increasingly positive developments. Although...

As a result of the global economic recovery and subsequent increase in business activity, corporations are accumulating record levels of cash on their balance sheets. While this may seem like a good problem to have, cash is not a return-generative asset and can be a...

The month of September marked the five year anniversary of a seminal event in the modern history of financial markets: the failure of Lehman Brothers, the largest bankruptcy in the history of the United States. While a lot has changed, much stays the same: uncertainty...

We recently concluded our Spring conference circuit by attending, as we do every year, the Consumer Analyst Group of New York (CAGNY) annual conference in Boca Raton, Florida, and the Consumer Analyst Group of Europe (CAGE) annual conference in London. These conferences yielded new investment...

CHINA, IN THE MIDDLE China! A ten day visit to Beijing during the last two weeks of September offered a limited, but expanded perspective on the Chinese economic environment as it relates to investment. Although Reed (my husband) and I studied before we went, our first...