Insights from Tocqueville | Page 8 of 14
What’s So Great About Private Equity?

What’s So Great About Private Equity?

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...
Paper Gold: Utopia for Alchemists

Paper Gold: Utopia for Alchemists

An acute shortage of readily marketable physical gold is developing that we believe will deepen in years to come. This possibility seems to be unrecognized by those who are short the gold market through paper contracts. The relentless dumping of synthetic or paper...
The 0.1% Solution

The 0.1% Solution

Conan Doyle fans will recognize the reference to the eminent denizen of 221B Baker Street in the title of this note, but it isn’t for the benefit of Dr. Watson that we are penning this brief. Rather, it is for Dr. Yellen. Economic stimulation in the form of low rates...