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 >

August 13, 2021 By Steve Blumenthal "It’s not riding the tiger that is the problem, it’s the dismount.” - John Mauldin, CMG Chief Economist & Co-Portfolio Manager of the CMG Mauldin Smart Core Strategy I'm on vacation this week, and I'm checking in with you relaxed and enjoying the downtime [...]Read More >

August 6, 2021 By Steve Blumenthal "Some people wonder whether the Fed might produce perpetual prosperity, preventing recessions or minimizing them as it did last year. Some hope low-interest rates can keep markets aloft forever. Some think the Treasury can issue as much debt as is needed, [...]Read More >

July 30, 2021 By Steve Blumenthal "We're clearly on a path to a very strong labor market, with high participation, low unemployment, and wages moving up… it shouldn't take that long" [to get there]. - Jerome Powell, Chair of the Federal Reserve Board In reaction to the 2008 financial crisis [...]Read More >

July 23, 2021 By Steve Blumenthal “In its purest form, capitalism is an evolutionary process. Businesses that best adapt to changing conditions survive and grow. Typically, that means offering a product or service superior to current ones or giving consumers more choices. Weaker or poorly [...]Read More >

July 16, 2021 By Steve Blumenthal “In highly indebted economies, additional debt triggers the law of diminishing returns.” – Dr. Lacy Hunt, Economist and Executive Vice President of Hoisington Investment Management Inflation, deflation––where are we heading? There has been no better [...]Read More >