Between the Issues

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.

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.

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…

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…

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.

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.

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.

The Basement of Precision

The fork brace will steady the custom-​built 1973 FXE that’s currently in progress. Right now, it’s sitting on a lift in the garage that sits in the alley behind Jeff’s house, sandwiched between single rows of towering red T&E tool chests and a ’75 Camaro waiting patiently for plates and…

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…

Jack Gilbert (19252012)

When I was 18 years old and knew next to nothing about poetry besides Bill Wordsworth and Ed Poe, my composition teacher passed a photocopy of one of your poems out to our class and it changed my life. I knew I hadn’t ever read a poem quite like it…

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.

The British Vote and Pittsburgh’s Demographics

We’re all trying to figure out the implications of the somewhat surprising news that UK voters decided by a comfortable majority to leave the European Union. No matter what side you identified with in this grand referendum, it’s always invigorating when democracy’s voices speak.

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.…

Pittsburgh Quarterly Turns 10

In early June, Pittsburgh Quarterly celebrated its 10th Anniversary with a cocktail reception for nearly 200 contributors, advertisers and friends at the Cultural Trust Cabaret Downtown.

Going Back in Time to Ambridge

Growing up in the early ‘80’s as a native-​son of a local borough named after a steel-​magnate, it’s easy to recall how mill closings affected my hometown. Layoffs were followed by hushed talk of unemployment checks, and later on, businesses shuttered leading to diaspora when folks looked to start fresh…
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