“Would I say there will never, ever be another financial crisis? I hope that it will not be in our lifetimes and I don’t believe it will be.” –Janet Yellen. Last week I suggested six steps we could take to prepare ourselves for the next market crisis — which, Janet Yellen notwithstanding, will in fact…

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  • Issue Quarter Between the Issues
  • Issue Year 2017
“The world is in the throes of a Bull Market in everything.” –The Economist. No, I am not — not, not, not — predicting a market crash. (On the other hand, if the market collapses just after I post this, I will naturally take credit for calling it.)

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  • Issue Quarter Between the Issues
  • Issue Year 2017
Ten years ago, the death knell tolled for a much-​vaunted plan to re-​energize Downtown Pittsburgh through an explosion of eminent domain and new retail. The ambitious plan, led by Mayor Tom Murphy, succeeded in creating a gleaming new building that housed a Lazarus department store, as well as an unfortunate remodeling of the…

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  • Issue Quarter Fall
  • Issue Year 2010
  • Sub Heading Downtown Pittsburgh enjoys a new resurgence
Over the last nine months, investors have read their morning papers, stared at CNBC, and ripped open their brokerage statements with similar results. The financial calculus known simply and profoundly as their net worth has done something of a disappearing act.

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  • Issue Quarter Summer
  • Issue Year 2009
  • Sub Heading Advice of 17 leading area money managers in their own words
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