November 26, 2021 By Steve Blumenthal "I have no doubt that we are in a raging mania in all assets," Stan Druckenmiller told CNBC in May. "I also have no doubt that I don't have a clue when that's gonna end." ― Stanley Druckenmiller, American investor, hedge fund manager, and [...]Read More >

November 19, 2021 By Steve Blumenthal "People don't care how much you know until they know how much you care." ― Theodore Roosevelt Jr., 26th President of the United States If you’ve been following the journey of my wife Susan’s soccer team often highlighted over the last several months in each [...]Read More >

November 12, 2021 By Steve Blumenthal “There isn’t an individual, organization, country, or empire that hasn’t failed when it lost its buying power. To be successful one must earn an amount that is at least equal to the amount one spends. Those who spend modestly and have a surplus are more [...]Read More >

November 5, 2021 By Steve Blumenthal "Taking on a challenge is a lot like riding a horse, isn't it? If you're comfortable while you're doing it, you're probably doing it wrong." ― Coach Ted Lasso Jerome Powell delivered the tapering news everyone expected. It begins. However, central bankers [...]Read More >

October 29, 2021 By Steve Blumenthal "Excessive indebtedness acts as a tax on future growth and it is also consistent with Hyman Minsky’s concept of 'Ponzi finance,' which is that the size and type of debt being added cannot generate a cash flow to repay principal and interest. While the debt has [...]Read More >

October 22, 2021 By Steve Blumenthal "Gaining an edge in investing is challenging. Traditionally, investors tackle this challenge by attempting to gain an information advantage. Investors also seek more data and information looking to confirm or deny the ‘fitness’ of an investment idea. Seeking [...]Read More >

October 15, 2021 By Steve Blumenthal "Inflation is when you pay fifteen dollars for the ten-dollar hair-cut you used to get for five dollars when you had hair." ― Sam Ewing, Former Baseball Player, Chicago White Sox, Toronto Blue Jays Inflation is important to businesses and governments, which [...]Read More >

October 8, 2021 By Steve Blumenthal "These are not regulatory events.... These are policy interventions to reshape Chinese society, guided by Xi’s personal agenda, intended to effect objectives that aren’t always knowable." ― Andrew Foster, CIO, Seafarer Capital Partners, LLC In April, [...]Read More >

October 1, 2021 By Steve Blumenthal "Bonds continue to sell off as investors reprice for a less-friendly central bank policy setting and a gnawing realization that cost pressures from the squeeze on supply chains are going to linger for longer." ― David Rosenberg, President and Chief [...]Read More >

September 24, 2021 By Steve Blumenthal “In the absence of the ability to see the future, how can we position our portfolios for what lies ahead? Much of the answer lies in understanding where the market stands in its cycle and what that implies for its future movements." ― Howard Marks, [...]Read More >

September 17, 2021 By Steve Blumenthal “There are always those that thrive even in not so good economic times and there are always those who don’t thrive even in excellent economic times. Don’t worry, and let’s thrive.” ― Yours Truly Last week, we looked at equity market valuations and coming [...]Read More >

September 10, 2021 By Steve Blumenthal “This is the one thing I can never understand. To refer to a personal taste of mine, I’m going to buy hamburgers the rest of my life. When hamburgers go down in price, we sing the “Hallelujah Chorus” in the Buffett household. When hamburgers prices go up, [...]Read More >

September 3, 2021 By Steve Blumenthal “Two waves in the ocean are talking to each other. The front wave tells the second that it's frightened because it is about to crash into the shore and cease to exist. But the second wave shows no fear. It explains to the first: "You are frightened because [...]Read More >

August 27, 2021 By Steve Blumenthal “Change happens quickly and, often, unpredictably. And as we will see, the unpredictable part is actually a mathematical principle. It’s time passing without change that causes the worst problems, including some historic economic catastrophes. It turns out we [...]Read More >

August 20, 2021 By Steve Blumenthal "To me, everything, everything–and I emphasize everything from here going forward through the rest of the year and certainly through 2022 and maybe into 2023–I believe is the inflation story." - Peter Boockvar, Chief Investment Officer, Bleakley Advisory [...]Read More >