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..
Why Compromise in Washington is so Elusive
As we approach the Fiscal Cliff, or more properly Slope, I thought the Republican negotiating strategy was very revealing. Gerrymandering, the process by which Congressional districts are tortured into shapes that resemble something drawn by a drunk with a permanent marker, are certainly part of the issue. Although the original intention was to allow for districts that reliably […]
Brief 2013 Outlook Written for FinAlternatives.com
2013 will be the year when bond investors begin to acknowledge the inevitably low future returns caused by the Fed’s multiple rounds of Quantitative Easing and debt monetization. Negative after tax real returns will reach high grade bond investors as they already have for holders of government debt. The relentless Math, whereby the return on […]
Wall Street Journal Best Business Books of 2012
I had inexplicably missed this on Dec 14th, but The Hedge Fund Mirage made it on to this list. Click Here for the article.
Hedge Funds Limp To The Close of a Lousy Decade
The Economist, without doubt my favorite weekly magazine (or newspaper as they refer to themselves) has brought its clear thinking and analytical skills to hedge fund returns. As usual they’ve provided a balanced perspective that includes important points. They note the poor decade hedge funds have had relative to a simple 60/40 stocks/bonds portfolio. They […]
A Recent Interview I Gave on Hedge Funds and Investment Strategy
I gave an interview yesterday to Stansberry Radio discussing hedge funds and our investment strategies. If you’re interested you can find it here.