Books on current business or economic events that aim for a popular audience usually gravitate toward a now-standard strategy. The “Barbarians at the Gate” technique—inspired by Bryan Burrough and John Helyar’s 1989 book chronicling the takeover of RJR Nabisco by leveraged buyout firm Kohlberg Kravis Roberts & Co.—serves up a fast-paced, moment-by-moment account of a … Read more
We have entered a new paradigm of anemic return expectations for traditional asset-allocation models. The prospects of a lost decade ahead are uncomfortably high for portfolios that are 60% invested in stocks and 40% in bonds – particularly when adjusted for inflation, which is at levels not seen since the early 1980s. Investors have witnessed … Read more
Federal Reserve Chairman Jerome Powell fired a warning shot across Wall Street last week, telling investors the time has come for financial markets to stand on their own feet, while he works to tame inflation. The policy update last Wednesday laid the ground work for the first benchmark interest rate hike since 2018, probably in … Read more