The Fault is ours, Ray

According to Forbes Magazine, Ray Dalio, founder of Bridgewater Associates, is America’s second richest money manager. He trails only George Soros in the pantheon of hedge fund “masters of the universe”. Dalio appeared last month on CBS “60 Minutes” to lament the demise of the American dream. He called inequality…

Vladimir Ilyich Trump

“The issue of paper money is the worst kind of compulsory loan… It worsens the conditions principally of the workers, of the poorest section of the population.. It is the chief evil in the financial confusion.” —Vladimir Lenin No stranger to institutional thievery, Lenin would have no trouble recognizing the…

Charlie’s month-end reading list

Here are some of the latest topics of interest at Fort Pitt Capital: The first piece, “Turkey’s Crisis exposes the Perils of Strongman Rule” in The New York Times, discusses why an inflationary crisis is especially dangerous in a populist regime run by a “strongman”. According to a 2008 study,…

Charlie’s month-end reading list

Here are some of the latest topics of interest at Fort Pitt Capital: The first article, "Landlord's view of the brick and mortar meltdown," published on Wolf Street by reporter John McNellis discusses the decline of traditional retail from a landlord’s perspective. McNellis indicates that clicks have not yet completely replaced bricks,…

Charlie’s month-end reading list

It’s time for another round of good reads from the team here at Fort Pitt. Check it out: First is a short piece from MarketWatch.com by Elizabeth O’Brien, “401(k) contribution ‘max’ to rise to $18,000 for 2015.” According to the IRS, next year’s elective contribution limit for employees who participate…

Charlie’s month-end reading list

Welcome back Ramparts readers! Just in time for some summer reading, we've collected an enticing list of articles that piqued our interest here at Fort Pitt: Many a millenial has taken on a heap of debt to fund a college education. Tyler Durden’s article, “What the $1+ trillion student debt…

Hedging inflation in your portfolio

Even as the Consumer Price Index (CPI) remains quiescent, the potential ravages of long-term inflation remain a concern among investors. At Fort Pitt, given our long-term, value-based investing approach, we want to remind readers that while policymakers seem determined to generate some low-grade level of inflation, perhaps 1-2 percent, real…