Productivity Trajectory and the Chinese Question: Portfolios and the Impact of the Incoming Administration’s Stimuli Packages
Last Thursday (January 14th), the team of the President-Elect proposed a new stimulus package close to $2 trillion. Within a few minutes, the markets reversed gains and ended the day down. The bond markets also sold off and the yields – while they were dropping in the...Taxes, Royalties, and Idea Generation
“The best business is a royalty on the growth of others, requiring little capital itself.” – Warren Buffett “Simplicity is the ultimate sophistication.” – Leonardo da Vinci Leverage does wonders to a business, both on the way up and the way down. We see it reflected...Assessing the Outlook of 2021: Part II
“I am not what I am”, Iago proclaimed in Shakespeare’s Othello, and I am also thinking of similar lines proclaimed by Arthur Dimmesdale in Scarlet Letter, Jay Gatsby in The Great Gatsby, Emma Bovary in Gustave Flaubert’s Madame Bovary, or Anna Karenina in Tolstoy’s...Geoeconomic and Geopolitical Options in the Day After: A Conversation with Eugene Delacroix, Charlemagne, and Paul Moritz Warburg
The end-of-the-year special flight has been a highlight for me for the last eight years since it’s not only a learning and entertaining experience, but also has served as an inspiration for the forthcoming year. Obviously, the question had been if, due to Covid-19,...What Does the Market Expect for Dividends?
“We have made very little progress in life by trying to outguess these macroeconomic factors. We basically have abdicated. We’re just swimming all the time, and we let the tide take care of itself…. The trouble with making all these economic pronouncements...Sign Up for Our Publications
