According to Tony James, Blackstone Group LP’s president, the $2.9 trillion hedge-fund industry may lose about a quarter of its assets in the next year. Blackstone is the largest allocator to... Read More

This week on our Masters in Business radio podcast, we speak with Nick Murray. He is known as the Advisors’ Advisor, coaching and informing the financial services industry as to the... Read More

Considering the European Banking Authority conducted its own stress tests earlier this year, results from the Bank of England’s own stress test, released today, don’t contain any real surprises,... Read More

Bill Gross is ushering in the New Year with some especially bad news, warning that the market will turn on the 15th of, well of one of the months... Read More

Booth Laird 2013 letter to investors General Motors – how bad is it?   We invested in General Motors (GM) in March of 2013 via stocks and TARP Warrants. After a successful... Read More

Goldman Sachs has promoted 425 people to the position of managing director, the Wall Street firm’s second-highest rank. In 2013, the U.S. investment bank changed its managing director selection process from... Read More

“Alternative capital” from hedge funds, pension funds and other yield seeking institutional investors is becoming a larger piece of the reinsurance marketplace, notes a recent study from the U.S.... Read More

I typically write about 20 letters of recommendations a year. Writing all of those isn’t easy, in part because most are due at the same time of year. To... Read More

Grey Owl Capital Management commentary for the third quarter ended October 31, 2017. “It’s the end of the world as we know it, and I feel fine.” - R.E.M. Get The... Read More

Fed Political Bias? Friday's job report was a stinker.  The +38K jobs was much lower than the 160K the market expected and the lowest month-over-month figure we've seen since September... Read More