Chairman Powell – You’re Fired

Written by Michael Lebowitz | Oct, 17, 2018

“I’m a low interest rate person” – Donald Trump 2016 On Donald Trump’s hit TV show, The Apprentice, contestants competed to be Trump’s chief apprentice. Predictably, each show ended when…

> Read More

Sailing Versus Rowing : Active Versus Passive

Written by Michael Lebowitz | Oct, 3, 2018

Investor preferences shift between active and passive investing in a cyclical manner. Periods where the market has a strong tailwind of momentum behind it tend to attract a greater demand…

> Read More

15 Bullish Assumptions

Written by Michael Lebowitz | Sep, 26, 2018

If all goes well for nine more months, the post-financial crisis economic expansion will become the longest economic expansion in recent U.S. history. The U.S. stock markets are also on…

> Read More

A Walking Contradiction – Warren Buffett

Written by Michael Lebowitz | Sep, 19, 2018

“I have ways of making money you know nothing about.” – John D. Rockefeller Contradiction- A situation in which inherent factors, actions, or propositions are inconsistent or contrary to one…

> Read More

We The People

Written by Michael Lebowitz | Sep, 12, 2018

“We want capitalism and market forces to be the slave of democracy rather than the opposite.” – Thomas Piketty The essential underlying elements of supply, demand, scarcity, and prosperity described in…

> Read More

What Turkey Can Teach Us About Gold

Written by Michael Lebowitz | Sep, 5, 2018

If you were contemplating an investment at the beginning of 2014, which of the two assets graphed below would you prefer to own? Data Courtesy: Bloomberg In the traditional and…

> Read More

Running On Empty

Written by Michael Lebowitz | Aug, 29, 2018

We would like to introduce you to Sam and his finances. Currently, Sam does well for himself, earning $100,000 a year. Sam loves the good life, and to maintain it…

> Read More