Author: John E. Charalambakis

By: John E. Charalambakis | On: January 25, 2016 |

Operation Market Garden: Can it Happen Again? (This time in the financial world)

Following the successful Normandy invasion in June 1944, the Allies executed that September the military operation known as Market Garden (Market referred to the airborne forces that were supposed to […]

By: John E. Charalambakis | On: January 19, 2016 |

Is a Secular Bear Knocking at Market’s Door? The Escalator of Spending

We are crossing correction territory (a drop of more than 10%) for some equity markets in developed countries around the world. This has brought questions about the possibility of a […]

By: John E. Charalambakis | On: January 11, 2016 |

Market Sentiment and Residual Confusions: On the Finite Unpredictability of Uncertain Outcomes

Yesterday, the South African Rand lost 10% of its value. The South African economy is viewed as unstable due to its domestic politics (the President changed the Minister of Finance […]

By: John E. Charalambakis | On: January 4, 2016 |

At the Dawn of 2016: Where the Credit Cycle Meets Geopolitical Tensions and the Earnings Yield

Rising geopolitical tensions during the first couple of days in the New Year may bring a rising risk premium. At the same time, China’s market turmoil (due to slowing manufacturing […]

By: John E. Charalambakis | On: December 28, 2015 |

How then Should We Invest? A Conversation with Francis Bacon, Descartes, Heisenberg, Israel Kirzner, Byron, and Francis Schaeffer

I boarded the non-stop flight from Cincinnati to Paris. Walking down the plane’s aisle I discovered a special area can accommodate round-the-table discussions, just as in previous years. To my […]

By: John E. Charalambakis | On: December 21, 2015 |

Strategic Assets and Strategic Mistakes: Tactical Moves for 2016 and Planting COG Seeds for the Day After 2016 (Investment Paths Series, Part IV)

It’s so wonderful to have friends who teach you about some great moments in history that could have been pivotal for the world we live today. A few days ago, […]

By: John E. Charalambakis | On: December 11, 2015 |

Market Mispricing and Distortions: Liquidity and Credit Concerns

Over the last few days the markets have exhibited signs of fears and some distress. Diverging a little bit from our recent commentaries that dealt with the investment paths of […]

By: John E. Charalambakis | On: December 8, 2015 |

The Investment Paths of 2016, Part III: Ain’t Misbehavin’ and the Crossing of the Volatility Bridge

During most of 2015, investors had to worry about a Grexit, a China slowdown, a commodities bust, or a synchronized degradation of market expectations. At the dawn of 2016, we […]

By: John E. Charalambakis | On: November 29, 2015 |

The Investment Paths of 2016, Part II: From Risks to Opportunities

Much ado about nothing may end up being not just a Shakespeare play but also the reality that will sink in after the Fed starts raising short term rates. All […]

By: John E. Charalambakis | On: November 23, 2015 |

Diverging Asymmetries and Market Fragilities: Understanding the Investment Paths of 2016, Part I

Well-respected publications such as The Economist and The Financial Times have recently published extensive reports regarding the threats to the global economy from emerging markets’ debt. The fact is that […]