Famed American economist and Nobel Laureate Milton Friedman often said that monetary policy works with “long and variable lags.” Conventional wisdom is that the effects of […]
Private equity (PE) is a difficult asset class to benchmark, but by every available measurement it has produced excellent returns over long periods of time. The most […]
The market narrative appears to be approaching a crossroads after an oddly sanguine few months. The hopeful chatter of a “Fed Pivot” now seems starkly at […]
Last week the Federal Reserve Bank of Kansas City hosted its annual Jackson Hole Economic Policy Symposium. The Jackson Hole Symposium had humble beginnings with then […]
“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” –Warren Buffett Among Warren Buffett’s many insightful investment lessons, […]