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Fifteen on Friday
Fifteen on Friday #521

Happy Friday! Best wishes for your weekend! David Featured Articles: TheAtlantic – Why a Dog’s Death Hits So Hard I loved my mom more than my dog. So why…

David C. Wells | April 26, 2024
Fifteen on Friday
Fifteen on Friday #520

Happy Friday! Every month, we publish our 1-page recap of the market’s activity. Here is last week’s edition. Greycourt – March Capital Market Flash Report Best wishes for your…

David C. Wells | April 12, 2024

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April 11, 2024
Fifteen on Friday
Fifteen on Friday #519

Happy Friday! Best wishes for your weekend! David Featured Articles: TheAtlantic – The Cystic-Fibrosis Breakthrough That Changed Everything This is a must read – fascinating about the scientific breakthroughs…

David C. Wells | March 22, 2024
Fifteen on Friday
Fifteen on Friday #518

  Happy Friday! Last week we published our February 2024 Flash Report – our 1-page monthly recap of movements in the markets. Best wishes for your weekend! David Featured Articles:…

David C. Wells | March 8, 2024

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March 1, 2024
Fifteen on Friday
Fifteen on Friday #517

Happy Friday Best wishes for your weekend! David Featured Articles: NYMag – Inventing the Perfect College Applicant For $120,000 a year, Christopher Rim promises to turn any student into…

David C. Wells | February 16, 2024
Fifteen on Friday
Fifteen on Friday #516

Happy Friday Best wishes for your weekend! David Featured Articles: NewYorker – Rules for the Ruling Class . How to thrive in the power élite—while declaring it your enemy….

David C. Wells | February 2, 2024

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February 1, 2024
Fifteen on Friday
Fifteen on Friday #515

Photo by Kiwihug on Unsplash My kids used to go to school…. Greetings from the never ending snow day. Middle TN was hit with 8 inches of snow and…

David C. Wells | January 19, 2024
Fifteen on Friday
Fifteen on Friday #514

Photo by Curtis Hystad on Unsplash Happy New Year! And just like that 2024 is off to the races – Cheers to new beginnings! David Featured Articles: WSJ – It…

David C. Wells | January 5, 2024

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January 2, 2024
Fifteen on Friday
Fifteen on Friday #513

Until Next Year – A Merry Christmas and Happy New Year’s! I hope you all enjoy quieter days / nights, hopefully spent with loved ones Fifteen on Friday will…

David C. Wells | December 22, 2023
Fifteen on Friday
Fifteen on Friday #512

And the December rush commences – 17 days to Christmas – what’s left on your to-do list!? Combine that with parties, school performances, and everything else – the sprint…

David C. Wells | December 8, 2023

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December 1, 2023
Fifteen on Friday
Fifteen on Friday #511

Happy Thanksgiving- Best wishes for your holiday weekend ahead! Cheers, David Featured Articles: AfterBabel – Algorithms Hijacked My Generation. I Fear For Gen Alpha. Freya India explains how algorithms act…

David C. Wells | November 21, 2023
Fifteen on Friday
Fifteen on Friday #510

Happy Friday – Best wishes for your weekend ahead! Cheers, David Featured Articles: CollabFund – A Few Laws Of Getting Rich Great new piece by Morgan Housel TheFreePress – Battle…

David C. Wells | November 10, 2023

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November 1, 2023
Fifteen on Friday
Fifteen on Friday #509

Happy Friday – Welcome back to Fifteen on Friday after taking off our mid-October edition for some fall break related travel. The world has changed markedly since our last edition…

David C. Wells | October 27, 2023

In this Greycourt White Paper Wendy Pan tracks the extraordinary rise and more recent constraints on entrepreneurialism in China and considers its implications for Chinese private markets – and for…

Wendy Pan, Gregory Curtis | October 11, 2023

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October 2, 2023
Fifteen on Friday
Fifteen on Friday #508

Happy Friday – Hope the weekend treats you well. There are a few podcast episodes interspersed below, several have transcripts, but several are audio only. There are ~310 million smart…

David C. Wells | September 29, 2023
Fifteen on Friday
Fifteen on Friday #507

Happy Friday – As promised, Fifteen on Friday continues following my professional transition to Greycourt along with an updated color scheme. A quick word of welcome to a number of…

David C. Wells | September 15, 2023

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September 1, 2023
Fifteen on Friday
Fifteen on Friday #506

“Man is so made that he can only find relaxation from one kind of labor by taking up another.” – Anatole France Happy Labor Day Weekend Hope everyone finds a…

David C. Wells | September 1, 2023

“Apples & Oranges” explores valuation differences between US stocks (S&P 500) and developed non-US stocks (EAFE) to see if the latter is as cheap as it first appears. Download the…

Greg Friedman | August 28, 2023

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August 1, 2023

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July 3, 2023

Markets trade in cycles and, as most of you know, it is presently our view is that we are entering a challenging environment for risk assets. With that said, we…

Greg Friedman | June 13, 2023

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June 1, 2023

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Mark Thomas, Gregory Battis | May 1, 2023

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Mark Thomas, Gregory Battis | April 3, 2023

The concept of “cost of capital” is not just something financial analysts pay attention to. We also think it is useful and relevant for families to consider as they design…

Matthew Litwin | March 13, 2023

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March 1, 2023

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February 1, 2023

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January 3, 2023

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December 1, 2022

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November 1, 2022

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October 3, 2022

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September 1, 2022

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August 1, 2022

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July 1, 2022

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June 1, 2022

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May 2, 2022

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April 1, 2022

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March 1, 2022

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February 1, 2022

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January 3, 2022

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December 1, 2021

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November 2, 2021

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October 1, 2021

Our clients—like many investors—perceive that equity long/short hedge funds have, on average, not done a very good job of either hedging market risk or beating broad passive equity indices following…

Mark Thomas | September 27, 2021

The House Ways and Means Committee advanced a proposal for new tax legislation. This investment brief summarizes our thoughts on the proposal and offers some considerations for investment portfolios. Download…

Mark Thomas | September 22, 2021

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September 1, 2021

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August 2, 2021

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July 1, 2021

“Beware…inflation is coming!” warns virtually every market pundit and prognosticator. We agree that over the near term, inflation will be elevated, perhaps sharply so, as the world recovers from its…

Greg Friedman | June 22, 2021

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June 1, 2021

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May 25, 2021

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May 3, 2021

President Biden’s proposed tax changes for corporations and wealthy individuals when he was a candidate are nearly identical to those recently proposed by his administration. This white paper (written when…

Greg Friedman, Jeff Moyer | April 30, 2021

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Jim Foster | April 29, 2021

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April 20, 2021

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April 7, 2021

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April 1, 2021

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March 23, 2021

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March 3, 2021

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March 1, 2021

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February 1, 2021

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January 4, 2021

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January 4, 2021

Many investors are flummoxed when it comes to investing in China. On the one hand, it is one of the largest investment markets in the world. On the other hand,…

Gregory Curtis, Greg Friedman, Matthew Litwin, David Morris | December 8, 2020

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December 1, 2020

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November 2, 2020

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October 1, 2020

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September 14, 2020

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September 1, 2020

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August 3, 2020

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July 1, 2020

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June 16, 2020

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June 1, 2020

The last couple of months have been extremely eventful for all of us. First and foremost, we hope that you and your families continue to be well and that you…

May 6, 2020

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May 1, 2020

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April 23, 2020

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April 15, 2020

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April 2, 2020

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April 1, 2020

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Jim Foster | March 30, 2020

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Gregory Curtis | March 10, 2020

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March 2, 2020

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February 3, 2020

Socially responsible investing is a fast-evolving area of interest for wealthy families. It can come in many forms and there is a fair degree of complexity involved for families trying…

Gregory Curtis, | January 7, 2020

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January 2, 2020

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December 2, 2019

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November 18, 2019

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November 12, 2019

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November 1, 2019

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October 22, 2019

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October 1, 2019

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September 3, 2019

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August 19, 2019

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Jim Foster | August 16, 2019

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August 1, 2019

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July 1, 2019

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June 24, 2019

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June 3, 2019

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May 15, 2019

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Jim Foster | May 10, 2019

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May 1, 2019

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April 1, 2019

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March 11, 2019

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March 1, 2019

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February 1, 2019

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January 2, 2019

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December 3, 2018

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November 1, 2018

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October 1, 2018

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September 18, 2018

What are some common strategies used to optimize after-tax returns and exactly how valuable are they to a client’s portfolio? Is tax-loss harvesting more valuable than after-tax portfolio design? How…

Greg Friedman, Jeff Moyer | July 31, 2017

How concerned should you be about market liquidity? What sectors of the markets would be most affected in a liquidity crisis and how might such a crisis begin? Is contagion…

Gregory Curtis, Matthew Litwin | October 26, 2015

Since the Financial Crisis, investor confidence in their advisors has plummeted. Clients are wondering exactly what it is that advisors are doing for them and how to measure how well…

Gregory Curtis, , Jeff Moyer | October 6, 2014

Despite the fact that over the past decade most long-only active equity managers have failed to produce attractive returns (after taxes, fees and inflation), investors continue to hire and hold…

Greg Friedman | October 8, 2013

Most investors are well aware of the exceptional track record compiled by Yale University under the leadership of CIO David Swensen. But we suspect that far fewer investors are familiar…

Gregory Curtis | September 15, 2012