Archive

Transparent Investment Management

Transparency is a term that dominates in the business world. A good business leader, at the helm of their organization, promotes transparency with the hope that their organization will thrive as a result.  Transparency also is a term in vogue in the investment management industry. Investment advisory clients can easily become accepting of investment decisions […]

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Consumers and Taxes

It is generally accepted that the U.S. economy is largely consumer driven.  It is also probably true that most Americans spend virtually all of their income.  Therefore, anything that reduces consumers’ disposable income may expose the U.S. economy to additional risks. With that in mind, investors could benefit by giving some consideration to the nature […]

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Understanding the Social Security Trust Fund

It is generally accepted that longer life expectancies and the gradual retirement of the baby boomer generation are combining to raise questions as to the sustainability of current levels of Social Security distributions beyond 2034. The Social Security Administration collects payroll taxes and uses the money collected to pay Old-Age, Survivors, and Disability Insurance benefits […]

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Understanding the Big Picture

When considering a possible investment, it is important to understand the big picture as opposed to focusing on a single issue.  In general terms, business activity includes both supply and demand.  This translates into determining whether a product or service can be provided at a price that is profitable to the supplier and attractive to […]

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A New Challenge to Dual-Class Stock Structures

CBS’s lawsuit against National Amusements, its controlling shareholder is, among other things, a challenge to dual-class stock structures. National Amusements controls almost 80% of the voting stock in CBS, but actually owns only 10%. Dual-class stock structures are already under fire from regulators, index providers and the courts. Here at Sigma, we have consistently voted […]

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The Job Skills Gap

We are probably all familiar with the nationwide work force problem relating to the gap between prospective employee skills and employer requirements. It appears that the U.S. military is facing a similar problem.  In 2017 the Pentagon found that 70% of Americans aged 17-24 were ineligible for military service.  The interconnected issues of health and […]

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