Creative Capital

On the (Inevitable) Donald

Right-​thinking person that I am, I’ve spent my adult life in broad agreement with elite American opinion on all the major issues and movements of the age: opposition to the War in Vietnam, support for the Civil Rights Movement, gender equity, reproductive rights, immigration reform, environmentalism, equality for gays, lesbians,…

Contemporary Colonialism

“The fundamental decisions affecting the lives of … colonized people are made and implemented by the … rulers in pursuit of interests that are often defined in a distant metropolis. Rejecting cultural compromises with the colonized population, the colonizers are convinced of their own superiority and their ordained mandate to…

Waking Up on the Wrong Side of History, Part V

“The UK is a divided society where the richest receive the lion’s share, leaving crumbs for the rest.” — The Equality Trust

Waking Up on the Wrong Side of History, Part IV

by Greg Curtis
“Brexit changed everything.” – Paul Singer, Elliott Management Corp.

Waking Up on the Wrong Side of History, Part III

by Greg Curtis
“If bankers are busy, something is wrong.” —Walter Bagehot

Waking Up on the Wrong Side of History, Part II

by Greg Curtis
The European political elite [has developed] a habit of profound disrespect for public opinion and democratic process – John Plender in the Financial Times

Waking Up on the Wrong Side of History

by Greg Curtis
On Friday morning, June 24, 2016, the entire Euro-​American establishment woke up to find that, contrary to their strict instructions, the British had voted to leave the EU.

Getting Rich in a Poor Market, Part VI

by Greg Curtis
In a low return environment, investors need to do things differently if we want to have any hope of growing our capital. Many of these different things – the ones I’ve already talked about – have to do with playing offense in a smarter way. We’ve examined using more aggressive…

Getting Rich In a Poor Market, Part V

by Greg Curtis
In my recent posts we’ve looked at various strategies investors might turn to if we find ourselves mired in a long period of unacceptably low investment returns. We’ve evaluated higher equity allocations, taking better advantage of the return premium associated with illiquid investments, and departing from indexing to try to…

Getting Rich In a Poor Market, Part IV

We’ve looked at two options for our portfolios if, as seems likely, we are entering into a period of historically low returns: more aggressive allocations to equities, and taking better advantage of illiquid assets. We now turn to the question of alpha.

Brexit Grexit Nexit Kerflop

The EU’s leaders “cling to the decaying corpse of a European super nation-​state with no clue as to what alternative other than breakup and secession there might be.– Philip Bobbitt, Stratfor I’m right in the middle of a series of posts on how best to navigate a new era of…

Getting Rich In a Poor Market, Part III

We are speculating about possible strategies investors might use if, as seems likely, we find ourselves mired in a long period of unacceptably low investment returns.

Getting Rich in a Poor Market, Part II

If we are, in fact, facing a prolonged period of subpar returns in both stocks and bonds, as seems likely, there are almost limitless ways this future could play out. We might, for example, simply experience long years of generally positive – but low – returns, interspersed with down years.…

Getting Rich In a Poor Market

Virtually every thoughtful observer of the stock and bond markets has concluded that investment returns in the future are likely to be well below recent returns and even well below long-​term norms. This situation is reminiscent of the late 1990s. In 1999, following an almost uninterrupted 17-​year bull market, investors…

Why Are We So Afraid of Democracy? Part III

I’m arguing that there are three main reasons why our faith in democracy has taken a hit in recent years. The first reason is the deadlock in Congress that has everybody so frustrated. But as I pointed out, this isn’t a US phenomenon, it’s a global phenomenon. And it’s persisted…
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