COMMERCE

Poor Parenting Saps the Wealthy

We are talking in a roundabout way that has taken us back to first principles about the human maturation process and how it interacts with the fear of affluent parents that money will ruin their children. There are several characteristic ways that affluent families go wrong, launching the shirtsleeves-​to-​shirtsleeves phenomenon…

Understanding the Trust Fund Baby

by Greg Curtis
We are talking about the complex process through which infants and children are transformed from little beasts into responsible adults. More particularly, we are talking about how that process often goes wrong and never goes perfectly.

Make your Plan Now (While You’re Calm)

by Greg Curtis
“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,…

What Will You Do in the Crisis? Part II

by Greg Curtis
“I’m less interested in the return on my money than in the return of my money.” –Mark Twain

What Will You Do in the Crisis?

“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.)

Passion and Independence: Two More Critical Requirements for Leaders

In a recent essay on leadership for Pittsburgh Quarterly, I listed several characteristics that I believe define great leaders. Among them were courage, vision and the ability to communicate. I realized last week that I omitted two important characteristics from the list after taking part in a couple of well-​attended…

Leading the Way

We asked five high-​profile executives: What do you believe to be the most important ingredients of successful leadership?

Investing in a Rigged Market, Part IV

If we care about the health of free market economies, then we need to care about how efficiently capital is allocated in those economies. And if we care about efficient capital allocation, then we need to care about the health and efficiency of capital markets, because those markets are the…

Seek, and You Shall Find … Conflicting Investment Advice

The run of this current Raging Bull of a stock market has been exceptionally long: eight-​plus years. (The average bull market has lasted four years, nine months.) In response there has been great conjecture by investment firms, financial advisers, brokers, and market pundits in Pittsburgh about how much longer the…

Squeezing out the Investment Experts

The core problems with central bankers, which have led directly to the catastrophes of the Tech Bust, the Financial Crisis, the pathetically weak recovery from the Great Recession of 2008-​09, and the near-​destruction of the asset management business, are: groupthink, arising out of the fact that every central banker in…

The Fed and Friends

We are talking about the traumatizing events that rocked the asset management business, to say nothing of the world, beginning in 2008, a calamity brought to us courtesy of the world’s central bankers.

Investing in a Rigged Market

The asset management business as we know it today got started in the mid-​19th century. The impetus for investment management firms separate from banks arose out of the awkward fact that banks often fail, while asset management firms hardly ever do.

Will Someone Please Tell Me What This Bitcoin/​Blockchain Thing Is All About?

Everyone has heard of Bitcoin by now (by convention, it’s capitalized when used as a protocol and lower case when used as a unit of exchange, like a dollar), but very few understand the importance of the “blockchain” technology that underpins it. This article expresses no opinion one way or…

The Union Project

“Work is about a search for daily meaning as well as daily bread.” –Studs Terkel

Petrochemical Alley

Shell Chemical Appalachia’s petrochemical complex has begun to rise from a dusty Beaver County brownfield that follows a slow bend in the Ohio River near Monaca. It took hefty tax incentives to secure it. The nation’s largest zinc smelter was razed to make room for it. More than 7 million…
Close Window Welcome to Pittsburgh Quarterly
Keep up with the latest

Sign up for our Newsletter, Pittsburgh Quarterly This Week.

We’ll keep in touch, but only when we think there’s something worth sharing. To receive exclusive Pittsburgh Quarterly news and stories, please fill out the form below. Be sure to check your email for a link to confirm your subscription!

View past newsletters here.

Don’t miss a story! Sign up for our newsletter to receive award-​winning journalism in your inbox.

Please let us know your name.
Invalid Input
Please let us know your email address.
Invalid Input