Dear Friend: We had a cautiously optimistic outlook at the beginning of 2022 and did not expect it to be a challenging year like it had been. Several ... Continue Reading
The Challenge and Opportunity of Inflation
Dear Friend: It has been a year since we discussed the supply chain issue, labor shortage, ongoing pandemic, China slowdown, and inflation. Some of ... Continue Reading
BEAR Markets, Speculators in Cryptoassets Lost $2,000,000,000,000 This Year
Dear Friend: This summer I wanted to write about market volatility and investor behavior in down markets, and then I remembered that we discussed ... Continue Reading
Focus on What to Own
Dear Friend: Our colleague Michiel Scholten, who runs our Dutch office in Amsterdam, will discuss Russia's invasion of Ukraine in the first part of ... Continue Reading
Outlook for 2022
Dear Friend: Review of 2021 We wrote the following at the beginning of 2021: “The tug of war between greed and fear was definitely on display in ... Continue Reading
Structured Securities
In the low to zero yielding environment of the past number of years, fixed income investors have been faced with the challenge to find yield ... Continue Reading