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Predictability, Still Important

On February 28, 2013 we posted a blog titled, “The importance of predictability or, just tell us what the rules are.” The themes discussed in that blog remain just as relevant today, despite changes in Congress and the White House. It is difficult to overestimate the importance of being able to plan ahead. Investors in […]

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Coin of the Realm – Update

On Feb 28, 2018 we posted a blog titled, “Coin of the Realm”, in which we suggested that legal tender is what the government says it is and governments don’t like competition. Recently, Facebook announced plans to introduce Libra, a permissioned blockchain digital currency.  The project, currency and transactions are to be managed and entrusted […]

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Interest Rate Paranoia

It seems that the financial media is currently consumed with short-term interest rates, persistently and continuously over-analyzing the prospects for even the smallest shift in Federal Reserve Board (FRB) thinking. This is not useful.  Investors are likely to be best served by developing, and then sustaining, a long-term investment strategy that suits their specific circumstances. […]

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Total Compensation

Most Americans are not contributing enough to their retirement plans in order to comfortably retire by the age of 65. With the gradual demise of defined benefit pension plans, in favor of defined contribution plans, it is incumbent on individuals to take responsibility for their long-term financial security.  However, because the shift to defined contribution […]

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Logistics-Package Delivery

Wikipedia defines logistics as the detailed organization and implementation of a complex organization.  In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption. We recently discussed the concept of the “last mile”, primarily in the context of the telecommunication industry, (see […]

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Are Defined Benefit Pension Plans History?

Over the last several decades there has been a sea change in funding for employee pensions.  Historically, pensions have been based on defined benefit formulas that provided retirees with a set dollar amount, based on salary, tenure and other factors.  Under the defined benefit system, any shortfalls in funding were the responsibility of the employer.  […]

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