Bloodletting and Monetary Policy
“In March 1853 she was afflicted with a pain in the chest; her tongue seemed to be covered with a film; leeches failed to make her breathing any easier.” – Gustave Flaubert, A Simple Heart The practice of bloodletting in order to cure health ailments originated...
The Active (Value) Investor’s Manifesto
Photo by jayzynism. “I’m convinced that everything that’s important in investing is counterintuitive, and everything that’s obvious is wrong.” – Howard Marks, Co-Founder of Oaktree Capital Management Don’t let the conservative dress habits of the financial services...
Value vs Growth and the Path to Monetary Normalization
Photo by cacaroot. “In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.” – Rudiger Dornbusch, economist Value investing can be a challenging endeavor, even in the best of...
King Dollar and the impact on the global monetary system
Photo by alexmillos. “I’m the straw that stirs the drink.” – Reggie Jackson (a.k.a., Mr. October), Baseball Hall of Fame Right Fielder Over the past year, strength in the value of the dollar has largely dominated asset class returns and has...