Articles

This Holiday Season…

We are honoring our friends and clients with a unique investment. As you know, we are passionate about building and preserving capital. We know that capital well invested can be a powerful force for good. So this holiday season, we’re making an investment in your

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Sundown of a Theory

David Stockman, President Reagan’s former budget director, wrote an impassioned editorial in the New York Times this past Sunday essentially predicting financial death for the United States. While the points about the sluggish recovery from the financial crisis of 2008 are essentially correct, Mr. Stockman

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Tax Update

The American Taxpayer Relief Act of 2012 was a politically attractive compromise for both parties that addressed the income tax most on voters’ minds but delayed for two months the more difficult issue of the budget cuts outlined in the Budget Control Act of 2011.

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Post 2012 Election

The 2012 election re-elected President Obama and did not significantly alter the composition of Congress.  Republicans still control the House while the Democrats retain control of the Senate.  This leaves the same actors to negotiate a way to get the budget deficit under control while

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Average Hedge Fund Manager Returns

In January this year Simon Lack published a book entitled The Hedge Fund Mirage: The Illusion of Big Money and Why it’s Too Good to be True. The book makes the not unreasonable claim that the popularity of hedge funds, which began in the early

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The Role of Real Estate in Portfolios

Paul Comstock was published in the August issue of Trust & Estates magazine as he examines the often misunderstood investment class of Real Estate. Investing in real estate is often thought as an “alternative” to the generally utilized asset classes like stock and bonds. However,

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