Top 5 Takeaways From Cresset’s Event With David Rubenstein
… new book How to Lead – as our guest on October 28, 2020, for the latest in our series of “Zoom-side” chats for our clients. David shared lessons learned from the luminaries he has known, and who he interviewed for his book. He also provided insights into his personal success and values, as well as his global outlook. Here are five takeaways:
1. DO WHAT YOU LOVE
Most people naturally gravitate toward the things they are go…
Making the Transition from Entrepreneur to CEO to Chairman
… Games of MLB, NHL & NBA, NFL’s Super Bowl, the GRAMMY Awards and the U.S. Open Tennis Tournament. Larry sold Levy Restaurants to the Compass Group of London in 2006, but remains Chairman Emeritus.
Levy Family Partners (LFP) – Larry and two of his sons manage LFP’s portfolio of operating businesses, real estate and other investments. LFP owns significant stakes in the Esperanza Resort in Cabo San Lucas, Mexico, a portfolio of real…
Cresset Cares – Ideas for Giving Back
…are creating funds for COVID-19 relief. Search The Council on Foundations to find one in your area. Grant Money
For a comprehensive guide on the effects of the virus and how to effectively give, we recommend the Center for Disaster Philanthropy which uses real-time data around needs
…
Lessons Learned from Jeff Immelt: Words of Wisdom for CEO Founders
…hing at a time. It requires dedicated time and resources to search out and explore what’s to come. Leaders of today and tomorrow need to be the “disruptors” they are often so fearful of.
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Is the US Destined to Follow in Japan’s Footsteps?
…ighting it is immigration. While it may not appear that way, America is an open society that thrives by attracting talented people to live in, work in and contribute to our nation’s economic advancement. The US Citizenship and Immigration Services reports nearly 45 million immigrants in the country as of 2019, representing nearly 12 per cent of the population. The H-1B visa program attracts a quarter of a million skilled immigrants annually to fil…
Why Your Family Office Should Be Using AI Tax Preparation
… family office can help you determine whether they are staying up with the latest advancements in technology. Here are three questions to help get that conversation started.
How do you ensure that all necessary tax documents across my investments are included when you prepare my taxes?
Families with significant complexities in their investments will often be burdened by the administration that arises at tax time. There may…
The Implications of Digital Isolationism
…ed to ban two popular Chinese social media apps, TikTok and WeChat, in the latest round of US-China tension. This move is a follow on to Washington’s efforts to limit the access of Huawei – the world’s biggest maker of smartphones and networking equipment – to US chips and other technology. Lawmakers, citing security concerns, also barred US government funds from paying for Huawei equipment in US networks. The United States has pressured its alli…
True Capital Management Announces Strategic Investment from Cresset
…dern approach to financial management for the sudden wealth market. With a comprehensive open architecture platform ranging from private banking, estate planning and insurance to investment management and access to private real estate, venture capital and private equity opportunities, TRUE coaches its clients to financial success, transforming their wealth and that of their families for generations. Learn more at
…heir turkey-induced tryptophan comas, the world learned about Omicron, the latest COVID-19 variant.  The World Health Organization (WHO) designated Omicron a “variant of concern,” meaning the new strain is more contagious and could lead to more serious illness, or could potentially decrease the effectiveness of public-health measures, COVID-19 tests, treatments or vaccines, according to a New York Times report. “Variant of concern” is WH…Here Comes Omicron
Legacy Property Planning: How to Keep Your Vacation Home in the Family
…mily and does not cause strain on relationships requires careful planning, open communication, and strategic decision-making. Here are some key considerations to help you achieve this goal and preserve your family property for the future.
Preserving Your Vacation Home for Future Generations 1. Communicate Your Wishes Openly, Then Listen
Open communication is essential when it comes to passing down a family property. Discus…
What Gold Can Do for Your Portfolio
…orical market performance. The Russell 2000 Index of small cap stocks, for example, tended to correlate with the overall market in both upside extremes (Decile 1) and downside extremes (Decile 10). Rising correlations undermine diversification, especially in extremely negative market conditions, failing investors just when it’s needed most. Michel, Oded and Shaked’s work shows a similar pattern among a variety of asset classes.
In an envir…
What the Swinging Interest Rate Pendulum Means for Investing
…es. We expect cheaper stocks and markets to outpace US large-cap growth once the tidal wave of capital flowing into passive strategies ebbs, especially if global economic conditions improve.
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Will Valuations Get Squeezed?
… a downward directional stairstep pattern over the last 40 years. Now, the combination of miniscule overnight rates combined with the highest annual inflation rate since 1982 has left “real” overnight rates at their lowest level in modern history.
The Federal Reserve and other central banks took the additional step of buying Treasury notes and mortgages directly, also holding intermediate rates below “fair” value. The Fed’s balance sheet m…
Are Equity Investors Shrugging Off the Fed?
…ing in lockstep with the likelihood of rate cuts, arguably because smaller companies have less access to capital than the mega caps. Smaller companies would disproportionately benefit from lower financing costs.
The same pattern emerges between the S&P 500 and the Russell 2000 Index of small cap stocks.
Bottom Line: On the surface, it appears that equity investors are shrugging off the Fed, given the divergence be…
Market Outlook: 6/26/24 – Second Half (2H) 2024
…quity markets to broaden later this year as the possibility of lower rates comes into focus. That means high-quality companies, particularly those with persistent dividend growth, will likely continue to lead their lower-quality counterparts in an incremental restrictive borrowing environment.  While we expect lower short-term rates, real rates, the spread over inflation, will remain high.
Year to date, the S&P “High-Quality Index” has ou…
For Profit Growth, Corporate Size Does Matter
…40 per cent of sector output. Industry concentration has given the largest companies a competitive advantage, and this cohort has enjoyed higher profit margins.
Since the 1990s growth in American output, wages and productivity have slowed, as has inequality, both in wages, market share and profits. According to a recent report in The Economist, between 1987 and 2016 the share of employment among firms of 5,000 employees or greater…