News, insights and thought leadership from the City Different team.
Jong recently traveled to the UK with his family over Easter. And because he can never stop thinking about investing, below he describes how a trip that started out as a soccer fan’s pilgrimage to...
There’s always a case for owning small and mid-cap U.S. stocks… but right now, it’s hard to ignore just how compelling that case has become. Small and mid-cap U.S. stocks are currently trading at a...
“If you can keep your head when all about you are losing theirs and blaming it on you...” Rudyard Kipling Yesterday, I noticed Warren Buffet was in the press quoting this Kipling piece, one of my...
Risk management often carries the reputation of being “command and control.” Is it possible for institutional-class risk management to exist in a culture of freedom and responsibility?
WEEK ENDING 2/24/2023 Highlights of the week: The markets are giving up positive returns for Lent. Inflation proves a pesky little bugger. A smart reader asked why we haven’t commented on the...
“What do you do with cash?” is an investment question as old as, well, investing. It’s rare (and usually unwise) that an investor would have the entirety of their assets or holdings actively trading...
WEEK ENDING 2/17/2023 Highlights of the week: Where is the recession? Federal Reserve is chasing neutral rate, and the market is catching up. Friday marks one year of the Russia-Ukraine war.
WEEK ENDING 2/10/2023 Highlights of the week: Chairman Powell stated disinflation “has begun” and added a big “but.” The Greek chorus of Fed officials that spoke in the week following Chairman Powell...
With a large reversal in factor returns over the last two years, we’re hearing this question a lot: Can active management deliver outperformance that isn’t dependent on systematic factors?
WEEK ENDING 2/3/2023 Highlights of the week: The Fed raised its targeted short-term rate by 0.25%. Chairman Powell’s message has been consistent since his Jackson Hole speech last summer. Why does...
