Brexit may not inhibit LSE/Deutsche Börse Tie-Up

Here’s another piece of evidence for thinking Brexit may not hurt UK companies as much as many think: although there are uncertainties about what final shape the deal will take, the Brexit vote hasn’t even deterred the proposed merger of the London Stock Exchange Group and ... read more...

Britain’s fortunes

One fact that complicates my previous argument about Britain’s fortunes, post-Brexit, is the comparative underperformance of the FTSE 250, which tracks mid-cap companies.  Such mid-caps are typically less globally oriented, compared to the larger companies in the FTSE 100.  As the WSJ ... read more...

The Fallout from Brexit: Europe is Worse-Off than Britain

Over the next few days I will summarize some of our thinking at O’Brien Greene about the fallout from Britain’s vote to leave the EU.  Let me begin with one observation. The EU needs Britain more than Britain needs the EU, and the “leave” vote is a greater threat to the ... read more...

Don’t Fight the Fed, But Don’t Emulate it Either: Why Your Portfolio Shouldn’t be ‘Data Dependent’

Today the Federal Reserve is widely expected to announce that short-term interest rates will remain unchanged.  The Fed says that its decisions about whether or not to raise interest rates will be “data dependent,” but this doesn’t inspire much confidence, because the ... read more...

What’s the Truth Behind All the Beautiful Pie Charts?

When an investor brings his portfolio to a new money manager or broker for advice, he naturally wants to know: what would you do differently than the guy who’s currently managing my money?  The imperative to answer this question has given rise to an arms race in portfolio ... read more...