Advice to a Would-Be Reporter

I was talking recently with a friend’s son who’s interested in journalism, which today seems like a very uncertain proposition. Perhaps it always has been— my parents certainly thought so. I gave him the lay of the land and noted the difficulty of making any money, but I added that reporting does provide great training …

Advice to a Would-Be Reporter Read More »

The Right Thing To Do

It had stormed the night before, hard enough to postpone the Pirates game and scrub the air, leaving it sharp and glittering for the early morning joggers along the North Shore Trail. The bridges overhead buzzed with the aggregate sound of thousands of people going to work. Halfway between PNC Park and Heinz Field, two …

The Right Thing To Do Read More »

Sail Away to Annapolis

Just about every place in Annapolis will tell you it has the best crab cakes in town, and they’re all right. The Chesapeake is famous for its blue crabs, plucked daily from the bay and served any number of ways, but always with abundance. There is so much crab in Annapolis, a visitor can get …

Sail Away to Annapolis Read More »

Troutward Bound

Since 1926, when Zane Grey published “Tales of the Angler’s Eldorado,” fishermen have trekked to New Zealand—the other side of the world— to stalk the monstrously huge and famously wary rainbow and brown trout. If only they’d known about Spruce Creek, Pa. If only I’d known… I knew Spruce Creek was famous for fly fishing—that …

Troutward Bound Read More »

A Question of Value

Pittsburgh Quarterly invited the heads of the region’s top independent schools to address, in 150 words or less, the following question: What is your value proposition for students and families? Winchester Thurston is recognized for innovative teaching that combines rigor and relevance. After visiting WT this year, National Association of Independent Schools interim president Donna …

A Question of Value Read More »

Gino

Dinners plus two daily sides and bread…$6 each reads the inner page of a card-sized, laminated menu. Breaded Veal, Roast Beef, Cube Steak, Hot Sausage, Meatloaf, Chicken…all $6.00. The bread comes from Mancini’s, “Proudly Served” according to the banner hanging from the ceiling. Photography by John Altdorfer Gino has been operating his namesake restaurant at …

Gino Read More »

Waking Up on the Wrong Side of History, Part II

The European political elite [has developed] a habit of profound disrespect for public opinion and democratic process – John Plender in the Financial Times In my last post, on Brexit, I argued that the so-called “enlightened” Remain voters in London were, in fact, blinded by their own economic self-interest, while it was the so-called “uneducated, …

Waking Up on the Wrong Side of History, Part II Read More »

Prospects for Pittsburgh Where You Might Not Expect Them

Two recent reports have me thinking about the Pittsburgh region’s future, especially those areas that aren’t part of the latest international praise for being “hip” or “high tech” or “urban cool.” It seems, touch wood, that a large part of the region is on the path to the only measures of economic success that matter: …

Prospects for Pittsburgh Where You Might Not Expect Them Read More »

Waking Up on the Wrong Side of History

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. In an effort to ensure that the “Remain” camp would prevail, the establishment had actually threatened voters. UK Chancellor Osborne menacingly warned that if the “Leave” camp …

Waking Up on the Wrong Side of History Read More »

Sleeping Apart

Sometimes he decides to sleep in the spare room & there is a part of me glad. He wants the TV on I don’t. We both snore & bother each other with it. He says I steal covers, I say he moves past middle if I get up for the bathroom In summer, there are …

Sleeping Apart Read More »

Oakmont Camping, circa 1910

For Pittsburghers in the late 19th and early 20th centuries, Oakmont offered the next best thing to paradise. During the summer months, while the city baked in heat and soot, visitors set up camp on the banks of the Allegheny River, relaxing in the fresh air and making merry on the water. Oakmont boasted a …

Oakmont Camping, circa 1910 Read More »

Down the Rabbit Hole

Each year in our summer issue, we ask a group of the region’s leading wealth managers to help our readers navigate financial waters by responding to a question. How would negative interest rates in the U.S. affect investors? Leading wealth managers respond… James Armstrong Henry H. Armstrong Associates Negative interest rates punish the saver, and …

Down the Rabbit Hole Read More »

Breaking the Silence

At age 35, after a long labor and birth of her second child, Lisa (not her real name) developed urinary incontinence. She kept it a secret even from her then-husband, a military man. “He never knew. It’s humiliating… Even bringing it up to the Army doctors was embarrassing. They said, ‘Oh well, that’s what happens …

Breaking the Silence Read More »

What Happened at Thompson’s Island?

Were you to launch a canoe at the U.S. Forest Service Buckaloons boat ramp, where Brokenstraw Creek enters the Allegheny River, then float down toward the borough of Tidioute, the setting would appear much as it must have to a party of Seneca Indians paddling the same route in the late summer of 1779. Carried …

What Happened at Thompson’s Island? Read More »

The Clarion River

One of the best rivers in western Pennsylvania for paddling and nature watching is the Clarion River, starting about 70 miles north of Pittsburgh. The Clarion River corridor between the towns of Ridgway and Clarion is remote, rich in public lands and hosts large expanses of uninterrupted forest. Today’s Clarion belies its history. About a …

The Clarion River Read More »

Getting Rich in a Poor Market, Part VI

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 asset allocations, taking greater advantage …

Getting Rich in a Poor Market, Part VI Read More »

Getting Rich In a Poor Market, Part V

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 find more alpha among the …

Getting Rich In a Poor Market, Part V Read More »

Zen or the Art of Trying Harder

When the yoga instructor tells me to relax, she uses the word Vinyasa, and that almost helps, as I unfold the jigsaw puzzle of my body, the old house of my bones, creaking. But it’s ok, because this is gentle yoga, meditation for the inflexible. And I know this act has something to do with …

Zen or the Art of Trying Harder Read More »

The Decisive Decade

After going to college and law school in the south, Jack Barbour decided to return to Pittsburgh in 1979. “When I said I was going back to Pittsburgh, everyone looked at me like I was nuts. They still may look at me like I’m nuts. But there’s no longer that stigma about Pittsburgh,” said Barbour, …

The Decisive Decade Read More »

When Applying to College

What do you wish you could tell young people who are considering applying for college? Marc L. Harding, University of Pittsburgh If you know what you want to study in college, great… and if you don’t, please know you’re in the majority. This is the time to explore. Do you want to improve global health, …

When Applying to College Read More »

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. “Alpha” is a measure of risk-adjusted performance. If a manager outperforms an appropriate …

Getting Rich In a Poor Market, Part IV Read More »

Elie Wiesel and the One Indestructible Human Quality

In each issue of Pittsburgh Quarterly, I write obituaries of notable Pittsburghers, and over the past 10-plus years, the percentage of those whom I knew in life – some very well – has been growing. Last week came the news of the death of Elie Wiesel, who steadfastly bore witness to the Holocaust for more …

Elie Wiesel and the One Indestructible Human Quality Read More »

Top
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...
Responsive Menu
Add more content here...