Insights from Tocqueville - Page 7 of 14
Reflections on the Past as Prologue

Reflections on the Past as Prologue

by | Jan 3, 2018 | Insights, Microblog

At the beginning of a New Year there is a tendency, particularly among Wall Street prognosticators, to review the recent past and extrapolate its trends into the near future. At this time twelve months ago  many were projecting a continuation of slow but steady growth...
Letter to the Clients

Letter to the Clients

by | Jan 27, 2017 | Insights

Dear Clients, Now that the elections are mercifully behind us, the markets should be able to focus on fundamentals, which are, as of this writing, neither terribly positive nor terribly negative. Over the next 12 months, we would expect, so long as U.S. growth...
Trump’s Victory: What Does it Mean for Gold?

Trump’s Victory: What Does it Mean for Gold?

by | Nov 21, 2016 | Insights

In our view, the systemic risks that existed prior to the presidential election have not suddenly vanished. Most important among these is a massive bond-market bubble. Close behind, equity valuations remain at historically extreme levels. How the new administration...
What’s So Great About Private Equity?

What’s So Great About Private Equity?

by | Mar 31, 2016 | Insights

Over the past few decades, private equity has gained cachet among investors much the way hedge funds did in an earlier era. Many of today’s investors believe that private equity represents a new and superior asset class. But it is neither. Far from new, it is the...