Author Archives: Rich Gluck

Fire and Ice

Some say the world will end in fire, Some say in ice. From what I’ve tasted of desire I hold with those who favor fire. But if it had to perish twice, I think I know enough of hate To … Continue reading

Posted in Banks, Bonds, Central banks, Credit, Economics, Finance, Investing, The Fed | Tagged , , , , | Leave a comment

Coping with a No-SALT Diet

As of 2018, we have been forced onto a SALT free diet. Where once my wife and I were able to deduct state and local taxes on our federal return, we no longer can. We are limited to a $10,000 … Continue reading

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Diversification’s Gold Standard

I am an advisor with a past, a past managing global bond funds. For over twenty years, I invested in a vast array of markets and bond sectors around the globe. These included sectors like high yield and emerging markets … Continue reading

Posted in Asset Allocation, Equities, Investing, Market Cycles, Rates, Volatility | Tagged , , , ,

Man Plans, and God Laughs.

Der mentsh trakht un got lakht.  — Yiddish proverb Winston Churchill believed that he had limited time. His father, Lord Randolph Churchill, had died just shy of his 46th birthday. Sir Winston lived into his 91st year, smoking cigars and … Continue reading

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Does/Should the Fed Care About the Stock Market?

Once upon a time, in another millennium, I worked at the Federal Reserve Bank of New York. It was during the reign of Chairman Volcker, first of his name. One thing I did was prepare statistical packages for the officers … Continue reading

Posted in Credit, Economics, Equities, Investing, The Fed | Tagged , , , | 2 Comments

Collecting Is Not Investing

When I was 17, on the cusp of driving age, I had dinner at a friend’s house. I remember this particular dinner because of the question his dad asked me. This friend’s family was wealthier than most of those I … Continue reading

Posted in Investing | 3 Comments

Procrastination Has Its Price

April is the cruelest month, keeping me inside doing taxes while I stare jealously at my friends’ Strava feeds detailing their adventures and the miles they’ve ridden. April is also the month that many inflict cruelty upon their future selves … Continue reading

Posted in Investing | 2 Comments

Jeopardy and Understanding Your Goals

On April 9, 2019 James Holzhauer broke the figurative bank on Jeopardy by winning $110,914 in one day. The previous one day record was $77,000. James did it by going after high value clues first, by seeking out the Daily … Continue reading

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Finance Is a Language

He walked quietly into the lecture room, tall, thin and pale. His suit hung loosely off his frame. He spoke softly: “This is 15.439, Problems in Finance. There is a list of 50 problems for this course. If we do … Continue reading

Posted in Asset Allocation, Bonds, Economics, Finance, Investing | 2 Comments

Hitting ‘Em Where They Ain’t

 “Keep your eye on the ball and hit ‘em where they ain’t”                                                          … Continue reading

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