Blog
EUROPE’S ENERGY CRISIS IS KEEPING ENERGY PRICES HIGH
America leads the world in oil and gas production. We believe midstream energy infrastructure offers predictable cash flows to investors.
Buying Stocks, Gingerly
Money has been flowing into bond funds for a long time. During the financial crisis of 2007-08 many of us contemplated hitherto unthinkable risks to our investments. I spent a few miserable evenings in September 2008 calculating the fall in the value of my own portfolio and wondering where it might stabilize. Avoiding leverage, and […]
The Challenges of Finding Investment Income
I was fortunate to be in Boca Raton, Florida last week at the GAIM conference on hedge funds, enjoying a 50 degree temperature advantage over NY. I had the opportunity to meet with several retired people who live in Florida either part-time during the winter or all year. Chatting with them about investments really brought home to […]
Talking Markets at GAIM in Florida
Here’s an interview I did earlier today, discussing market outlook. http://reut.rs/W0fL9e
Stocks That Look Like Bonds
Terry Smith, UK-based CEO of Tullett Prebon AND Fundsmith, LLP (obviously a man of prodigious energy) has written an interesting piece in the FT commenting on the attraction of owning less volatile stocks. He is highlighting the Low Beta Anomaly, a weakness in the theory behind efficient markets which predicts more risky investments need to generate a […]
Investing for Income Without Using Bonds
Barrons has a good piece highlighting dividend stocks and MLPs as sources of investment income. Andrew Bary, the writer, sounds as if he’s been reading from our playbook!