Michael has more than 30 years experience as an institutional portfolio manager, investment strategist, and investment consultant.
READ MOREMy first impression when flying into Mexico City a few weeks ago was its vastness. From the air, the city seems to stretch forever. The Valley of Mexico has been inhabited for over 12,000 years, and when Hernán Cortés entered it in 1519, its population of 1 million was probably the largest in the world. Today, Mexico City is home to more than 21 million people, twice the size of the second largest Mexican city in the world, Los Angeles. Mexico City is a great destination for tourists, with world-class museums, dining and archeology. Most of my travels are for...
Time for my semi-annual book perspective. I read a lot of books, but truthfully, most of them I move through pretty quickly. In the non-fiction world, I find many to be one-dimensional, perhaps an int...
Twenty-five hundred years, Siddhartha Gautama practiced a form of meditation that involved controlled breathing. Much later, about 700 years ago, this practice, called pranayama, was codified in the m...
The expression comes from Colonial America, but its exact origins are unclear, and its meaning seems to have changed over the years. Originally it was a phrase that denoted pleasant, or even silly, co...
I love the beach. And I read a lot. I like reading on the beach, but I am not a fan of beach reading. Beach reading is generally defined as light, pleasurable, contemporary fiction, often with some ro...
Markets work through the forces of demand and supply. This axiom applies to all markets, from housing to marriage (as Gary Becker famously noted), and anywhere there is an exchange of goods or service...
Last year, I introduced my big picture framework of assessing the relative attractiveness of markets Inside the Triangle through the lenses of valuation, momentum and sentiment. To recap, the ideal ti...
I don’t like recommended lists. They turn experiences into a contest (and the winner is…), and one reviewer’s preferences may have little to do with mine. That said, since my writing covers a very wid...
Hell is hot, as everyone knows. Everyone “knows” this, but there really is no conclusive evidence: no eyewitness reports, no scientific instruments to measure the temperature in Hell. So, how do we “k...
“Lost Time is never found again,” advised Benjamin Franklin in Poor Richard’s Almanack. And Dante Alighieri observed, “The wisest are the most annoyed at the loss of time.” I have been thinking about ...
Michael has more than 30 years experience as an institutional portfolio manager, investment strategist, and investment consultant.
READ MOREFinland is a small country of around 5 million people, about the population of the state of Minnesota. The country has produced one notable musician, Jean Sibelius, and one global company in Nokia. But in the first half of the 20th century, Finland was best known for producing world-class distance runners. Between 1912 and 1940, five Finns held world records and won multiple Olympic gold medals.
Willem ten Boom, after years of apprenticeship as a watchmaker, opened his own store in Haarlem in 1837. His son, Casper, also became a watchmaker, and the trade was passed down to Casper’s children. His youngest, Cornelia, named after her mother, was born in 1892. Corrie, as she was called, also studied watchmaking, and at the age of 30, became the first woman ever licensed as a watchmaker in The Netherlands.
Angeles Investment Advisors
429 Santa Monica Blvd, Suite 650
Santa Monica, CA, 90401
Phone: 310.393.6300
WHITE PAPERS
INVESTMENT COMMENTARY