A Hedge of Roses 2018 began with a storm, as the major stock indices rose 4% in the first two weeks of the year, after a 20% increase in 2017. One of my long-time clients, we'll call him the "Hill-Boy", always wants to know what I think. I...
Growth is In Value is Out -the New World vs. the Old World This blog comments on an article claiming that the current risk in the market is higher than that experienced in 2008 –quoting from Bill Gross. There is a high level of risk in the...
When the most aggressive asset becomes a “defense player” One of the most important rules you learn in the I.D.F flying course: Because things move fast you must plan ahead, New Year is always a great opportunity to rise above the daily activities and try to set goals...
Wealth Preservation When the Rules of the Game Change In the last decade interest rates have plummeted to nearly zero, first in the US and after that in Europe, where sometimes you must pay the banks to keep your deposits, e.g. negative interest. In the last 8...
Choosing the Building Blocks In the mid-nineties I had the opportunity to teach a young guy who had just completed his service in the IDF and arrived on the Israeli financial market, motivated to learn the business. I tried to challenge him, with fundamental questions about the...
The Race Towards Wealth Preservation. “Fiat money“ is currency which derives its value from government regulation or law. It differs fromcommodity money, which is based on a good, often a precious metal such as gold or silver, which has uses other than as a medium of exchange. The term derives from the Latin fiat (“let it be done”,...
From the Wisdom of Professor D. During my childhood, I divided my time between my neighborhood Yad Eliyahu, to Neve Monosson, where my sister lived. One day, in an attempt to impress my news friends, I mentioned that I took part in a children’s program...