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Commentary Home: October 2009

Thematic Investing: Blue Gold

When it comes to absolutely critical commodities, there's no question that clean water is at the top of the list. You need it. I need it. Every single person in the world needs it. It's without doubt the most precious commodity on the face of the planet. No matter what country you live in, or whether you're rich or poor, there is nothing more important to basic human survival. Whoever, controls water literally controls life on Earth. Therefore, investing in clean water -- a whopping more ...

Thematic Investing: Feeding the World

There are many good reasons to consider investing in "agribusiness" and commodities positioned to benefit from rising global food consumption. Agricultural demand is (typically) fairly immune to the impact of broad economic cycles. In recent years there has been a proliferation of commodity-related investment vehicles that can create specifically focused plays on agricultural commodities in conjunction with agriculture-related companies.

First, there is continued global more ...

Last Plane Out - Offshore Asset Protection

First, let's define a "last plane out" account -- an offshore stash that would allow its owner to catch the last plane out of an imploding country and still be able to live well in exile.

Americans have joined Europeans worried about everything from rising taxes to hyperinflation to capital controls. Such similar experiences come from our ancestors who fled 19th and 20th century chaos and came to America in search of opportunity more ...

September in Review, Outlook for October

The improving Street sentiment, including seven straight monthly advances in the S&P 500, is still being driven by the improving economy. The read-through from the economic data released in September and the results from some bellwether stocks that reported during the month (FedEx, Oracle) was that "the worst is behind us" and that overall demand is beginning to lift. The weight of the recovery evidence is increasingly more ...

Thematic Investing: New Technology

While more of a "sector" than a "theme," nonetheless I believe you need to have exposure to the "enabling technologies" that are driving innovation and growth across a range of attractive industries.

While recovery in the tech sector is no sure thing, as confidence continues to climb, consumers in the US and overseas are beginning to once again purchase gadgets and big ticket items alike, giving a boost to a sector that was decimated as households cut out many discretionary more ...

Thematic Investing: Inevitable Inflation, but First, Deflation then Stagflation

We feel that one of the most fundamental decisions we face in building investment portfolios is correctly deciding whether we are facing an inflationary or deflationary environment in our future. Most investments behave quite differently depending on whether we are in a deflationary or inflationary environment. Get it wrong and your investment choices could rise up to bite you.

The Fed will fight deflation and knows how to do that (print money). They also know what to do more ...

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