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 activity as well as expiring restrictions on share sales) is impacting markets in...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 left I saw Bacon, Descartes, and Heisenberg. On the right side were...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, I was visiting with Dan Schechter in Los Angeles – principal of L.E.K. Consulting, a prominent global...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 2016, I would like us to review the main reasons for the recent market behavior. Before...Sign Up for Our Publications
