December 15, 2017 By Steve Blumenthal “For when the One Great Scorer comes To mark against your name, He writes -- not that you won or lost --  But how you played the Game.” > Grantland Rice (from the poem "Alumnus Football") When I was young, my mother bought me a book written by [...]Read More >

December 8, 2017 By Steve Blumenthal I met Philippa Dunne, co-editor of The Liscio Report, at the Camp Kotok fishing trip last August.  She dials into state tax receipts and has many deep contacts.  What I like is how she tracks the data on the lookout for recession risks.  I found the most recent [...]Read More >

November 24, 2017 By Steve Blumenthal “The essence of investment management is the management of risks, not the management of returns.” - Benjamin Graham Happy Thanksgiving to you and your wonderful family.  Today’s post is holiday short because by the time it hits your in box I’ll hopefully be [...]Read More >

November 17, 2017 By Steve Blumenthal “If you are adding to your long-term holdings of stocks and other risk assets at current market valuations, you are likely to be betting -- knowingly or not -- on a combination of three drivers of future returns; or you are planning to sell your holdings to [...]Read More >

November 10, 2017 By Steve Blumenthal “We are going to have to address the debt.  And we are going to get more debt.” – Joe Kalish, Chief Global Macro Strategist, Ned Davis Research This week’s On My Radar is an investment outlook piece.  While current trend evidence remains bullish, you’ll see [...]Read More >

November 3, 2017 By Steve Blumenthal “There are essentially two forces influencing returns: growth and inflation. The task, then, is building a portfolio that can weather any scenario, regardless of what these factors are doing…  You should be building a diversified portfolio with assets that [...]Read More >