I’ve gotten a lot of questions about what it takes to be a great coach, so let me lay out the essential elements.
I will share with you some principles that guided Emery’s management of our businesses. You may find them applicable to yours.
Bond traders searching for an opportunity to challenge central banks are starting to look Down Under, where a likely showdown over yield-curve control is set to test the power of policy makers to contain the next wave of reflation bets.
Hundreds of years of history shows us that investment bubbles have been a regularly occurring feature of the financial markets.
Economics used to offer lots of metrics that claimed to show when growing economies were approaching some kind of speed limit. But increasingly, inflation is the only one that’s taken seriously.
From 1949 through 1964, the S&P 500 enjoyed an average annual total return of 16.4%. In the 8 years that followed, through 1972, the total return of the index averaged a substantially lower 7.6% annually; strikingly close to the 7.5% projection that Graham had suggested based on prevailing valuations, yet still providing what Graham had suggested would likely “carry a fair degree of protection” against inflation, which averaged 3.9% over that period.
Computer chips, or semiconductors, power everything from cars to consumer electronics, such as PCs, gaming consoles and smartphones.
We’re more than ready to put the pandemic in the rearview mirror. For the first time since this all started a year ago, more than one million people per day have been flying commercial in the U.S. for 30 straight days.
Planning for retirement has historically been focused on saving as much as possible.
For Black Americans, the prospect of student debt forgiveness, currently under consideration by President Joe Biden, would be especially welcome.
The first quarter looks to be the turning point, both for the pandemic here in the U.S. and for the economic damage it has caused.
In 1974, U.S. President Gerald Ford took office “amidst one of the worst economic crises in U.S. history,” which was characterized by double digit inflation.
With global equities trading near record highs, many investors are questioning the potential for continued gains going forward.
Well, let’s just say things are different in 2021.
Last month I forecasted we’d see a travel boom this summer as newly vaccinated Americans book their first big trips and vacations since the pandemic began.
Given a potential inflationary environment, we have taken great care to emphasize companies that we believe have pricing power because of the mission-critical or value-add nature of their products and services.
Within the growth-vs.-value context, we’d like to discuss three Covid-related scenarios for companies.
The Asset-Map process and its toolset is a force for robust conversations that provides the basis for your advice.
Today’s market environment taps into bond investors’ primal fears.
Defining a quality business is easier said than done. We have found that the highest quality businesses either consistently exercise pricing power while maintaining market share or consistently grow market share by undercutting incumbents. A choice few companies we call “compounding machines” can both raise price and increase market share.
Central banks will go digital, and homeowners avoided foreclosure.
The acceptance of digital currencies as a form of payment expanded greatly this week, foreshadowing the increasingly important role cryptos such as Bitcoin and Ether will play in our lives going forward.
You know society is in trouble when the Prime Minister of your country stands up and says something along the lines of “of course we can afford to take on more debt – you are old-fashioned if you think otherwise”.
Within days of each other in March two Northeast Ohio legends passed away: Michael Stanley and Joe Tait.
Traditional Easter and Passover lamb-centered meals mark peak season for the often overlooked protein. But one year ago, the arrival of the pandemic sent the U.S. lamb industry into a tailspin.
The U.S. economic reopening trade is back in full force, sending 10-year Treasury yields up to 1.77% for the first time since January 2020.
Gold producers had their most profitable year ever in 2020, based on one metric.
We forecast a strong global recovery in 2021 amid significant fiscal support, accommodative monetary policy, diminishing lockdowns, and accelerating vaccinations.
Today, it seems to be an article of faith among US policymakers and many economists that the world’s appetite for dollar debt is virtually insatiable.
Addressing technical, idiosyncratic and structural aspects of inflation.
Might the federal government launch a digital or cryptocurrency? Early forecasts say the “fedcoin” has bipartisan support.
Big economic storms are rare and usually end quickly, but they tend to have long-lasting effects. Today I want to talk about a storm 50 years ago that still affects us now. Important things happened in the 1970s.
There are many detractors that believe that dividend growth stock investing is stodgy, old and boring.
As US inflation expectations grow, many investors are concerned about the potential impact on stocks.
As harrowing as it has been to watch bond yields jump, watching them sit still would’ve been worse for stock investors banking on a major revival in earnings this year.
Across the industrial sector, low-carbon investing naturally leans toward renewable energy opportunities, like wind and solar power.
A bond designed to raise funds to grow the population of endangered black rhinoceros in South Africa will be sold by the World Bank this year.
Make Money with Auto Makers, like Tesla, Ford, Stellantis, Honda, General Motors, Nissan, Volkswagen, etc. have a legacy of finding it difficult to grow profits consistently.
The Federal Reserve on 19 March announced that the temporary changes to its supplemental leverage ratio, or SLR, will expire as scheduled on 31 March.
Failure to boost vaccination programs could hurt the eurozone economy.
Wall Street thought 2020 was the Year of the SPAC, or special purpose acquisition company (SPAC).
Since the “Financial Crisis,” the hope was that inflating asset prices would trickle down into economic growth.
Knowing why you’re investing matters to how things turn out.
We’re going to have to do something about climate change. I will review the science and the possible solutions, and ask what role investors – including your clients – can and should have to foster a solution.
We are going to look at broken debt and broken measurements, and then look at how Fed leaders painted themselves into a corner by shifting to a reactive stance this week.
Wall Street thought 2020 was the Year of the SPAC, or special purpose acquisition company (SPAC). Turns out, this title was premature.
One year ago this month, our world changed in some pretty dramatic ways.
Helping people see the need of risk hedging throughout their life is an important responsibility and requires the insight of a knowledgeable professional, such as a trusted financial advisor who understands their situation.
The U.S. economy is set for a hiring boom in the months ahead as the coronavirus pandemic recedes. There are signs it’s already underway.
In retrospect, it was a slam-dunk bet that when stuck-indoors Americans were sent $600 stimulus checks back in January, they’d plow a lot of it into the stock market.
