Gregory Curtis is the founder and Chairman of Greycourt & Co., Inc., a wealth management firm. He is the author of three investment books, including his most recent, Family Capital. He can be reached at gcurtis@greycourt.com. Please note that this post is intended to provide interested persons with an insight on the capital markets and is not intended to promote any manager or firm, nor does it intend to advertise their performance. All opinions expressed are those of Gregory Curtis and do not necessarily represent the views of Greycourt & Co., Inc., the wealth management firm with which he is associated. The information in this report is not intended to address the needs of any particular investor.
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. At the end of the …
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 on average expected future stock …
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 not because Congresspersons are idiots …
Why Are We So Afraid of Democracy? Part II
Profound disagreements among the voting public have led, as noted in my last post, to profound disagreements in Congress. This has, naturally enough, led in its turn to a substantial decline in collegiality, willingness to compromise, and even civility in that not-so-august body. It’s hardly an exaggeration to say that Congress has accomplished hardly anything …
Why Are We So Afraid of Democracy?
Recently I debated Ben Bernanke about Fed policy since the Financial Crisis.(1) But even before the event I already knew how it would go. We’d all be very polite, very thoughtful, very respectful. Otherwise, we might be mistaken for The Donald. Some people would agree with me and some would agree with Ben. But even …