Why I Don’t Make Forecasts

“A spectacular zero” and advice from Janet Yellen At the end of this post, I’ll explain the picture above and the advice Janet Yellen gave me.  To start, though, most people know that I run an investment advisory firm and that, in the past, I held senior positions inside large Wall Street firms, giving advice … More Why I Don’t Make Forecasts

Boston’s MBTA Use of Wall Street Derivatives “Reckless”

When will investors learn?  Complex investment bets often don’t end well. To highlight this point, a new study by the Pioneer Institute states that the Boston based MBTA transit system’s use of financial derivatives was “reckless.” Yes, a strong word, but unfortunately it might be well deserved. According to the report, “Despite warnings by the state auditor … More Boston’s MBTA Use of Wall Street Derivatives “Reckless”

Don’t Let Your Portfolio Get Sacked

Are you ready for the big game? Super Bowl 50. The seasoned star, Peyton Manning, in what could be his final game, versus the new star, Cam Newton. The only improvement from my New England perspective would be watching our Patriots this Sunday, but I am sure I will enjoy the excitment on the field … More Don’t Let Your Portfolio Get Sacked