Portfolio for the Future™

Three quite recent stories bring forcefully to mind certain basic facts about banks, fractional reserves, and…

The factors driving hedge fund returns in the various regions of the world are, roughly, what you might guess…

“The cost of living in this country must not be a football to be kicked about by gamblers."--President Harry…

Peter Mladina, the director of portfolio research for wealth management at Northern Trust, began a recent…

The Basel Committee on Banking Supervision has posted its latest consultative document, this time on the…

Both the CME Group and its regulator, the CFTC, are reacting to recent demands that they beef up enforcement…

Is there alpha to be gained by virtue of a long position in Yahoo Inc. (NASDAQ:YHOO)? If so: how is that…

We’re often informed, in terms that suggest outraged common-sense, that if a corporation is owned largely by…

By Diane Harrison Prior to the mid 2000s, private equity represented the de facto route to long-term…

On June 1, The Wall Street Journal led with this story: “OPEC Clout Hits New Low.” The piece states in…

In the course of a busy news cycle, this tidbit was largely overlooked: in June 2014, Deutsche Bank raised $…

By Don Steinbrugge Commodity trading advisors’ (CTAs) perception among investors is more divergent than any…

Only once in my life have I been the target of an accusation of plagiarism. That once: my accuser was an…

By Andrew Smith, CAIA Given the recent economic turmoil globally, the low interest rate environment, and a…

By Charles Skorina May kicked off, as always, with the Woodstock of Capitalism in Omaha. 40,000 …