Description: Describes how the mantra of 'tax cuts will pay for themselves" along with the political unwillingness to cut spending (extant since the 1980s), has led to this increasing debt problem in the U.S., reaching $17 trillion at time of writing. Other countries are behaving in a similar fashion, and it can be only a matter of time before the globe may reach another crisis, this time based on excessive government debt coupled with fewer interested investors.

Description: The purpose of the article is to highlight how a person or organization can excel in both a highly-competitive expert-driven environment and one where the environment is less so. One should focus on what can be done well and delegate the remaining tasks to those who are better at performing them. One should understand the environment they are operating in, how it impacts them, and how it may change through time. The principles have application to investment management, investment performance, organizational performance, business development, career progression and economics.

Description: The article contemplates whether there is heightened sensitivity towards how investment activity is portrayed and described.

Description: Gold has been one of the worst performing investment assets of the last two decades due to the steady to low inflation. In the future, if the US economic environment takes a turn for the worst or inflation reemerges, gold will once again be a high performing investment.

Description: This articles explores the notion of whether the old rules and paradigms of investment strategy and caution may no longer be applicable in today’s financial environment, because things were “different this time.”

Description: Feature article discussing the too big to fail principle and whether or not strong competition is ideal in terms of the banking industry.

Description: Full version of Risks and Rewards Newsletter, July 2003, Issue No. 42.

Description: Full version of Risks and Rewards Newsletter, February 2003, Issue No. 41.