Temporary or Structural?

People are concerned. Prices of nearly everything seem to be rising rapidly. Did we just turn an inflationary corner? Have two decades of globalization and imported disinflation finally run their course? Is the 20+% increase in money supply during Covid creating excess demand? Are minimum wage laws trickling up wage inflation? Each of these, [...]

By |2021-05-14T16:28:56-04:00May 14th, 2021|Uncategorized|0 Comments

Why Bother with Active Management

Over half the equity market in the US is controlled by passive investment vehicles that mimic index holdings. Vanguard founder John Bogle urged millions of people to abandon their search for the needle in the haystack and to just buy the haystack. It worked. Over the last couple of decades, those who bought indices [...]

By |2021-05-14T16:22:50-04:00April 20th, 2021|Uncategorized|0 Comments

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