EUROPE’S ENERGY CRISIS IS KEEPING ENERGY PRICES AND INFLATION HIGH
America leads the world in oil and gas production. We believe midstream energy infrastructure offers predictable cash flows to investors..
Bonds Are Not Forever
Later this month John Wiley will release Bonds Are Not Forever; The Crisis Facing Fixed Income Investors. Some might say that one book is enough for anybody to write, but I must confess the experience following release of The Hedge Fund Mirage in late 2011 was sufficiently positive that I decided to indulge my audience’s […]
U.S. Equity Returns Lead The Way
Outside of managing SL Advisors and writing books I chair two investment committees for local non-profit organizations. In reviewing returns for the first half of 2013 for one of them I was surprised at how U.S.- centric investment returns have been this year. Our benchmark is 50% Developed Market Equities, 20% Emerging Market Equities, 20% […]
The Unsteady States of America
The Economist has informative coverage of the developing public pension crisis using Detroit’s bankruptcy filing as an illustration. It’s well worth reading. The issue is not going away.
Working With God's Aluminum
A couple of years ago Goldman Sachs’ CEO Lloyd Blankfein was on TV almost every day promoting the good his company does for the economy. One of his less fortunate phrases in his otherwise highly articulate defense of his firm was that Goldman was “…doing God’s work.” I imagine he meant Goldman was engaged in […]
Discussing Bonds Are Not Forever on Bloomberg TV
http://www.bloomberg.com/video/betting-on-dividend-paying-stocks-lHzHO9SCQgil9Im6UNyHNQ.html