Recent items curated from The New Capital Journal.
Sound economic policies, in any economic system, must support both the preservation and growth of all forms of capital, not just money capital. On earth, the most important and abundant form of capital is natural capital - the earth’s land, water, and air – without which no other capital formation is possible.
While Cortes came to Mexico to conquer, our family is currently spending our annual summer travel by enjoying the many facets of this extraordinary country: its lovely climate, incredible cuisine, historic sites, great architecture, stunningly cheap prices, and especially its kind and industrious people.
2017 was tumultuous not just in Houston but in the entire United States of America, building on the very dramatic and nation altering election-related events of 2016. Much of the tumult, of course, continues to be related to American politics generally and specifically the highly volatile Trump presidency.
Our 2017 Annual Conference was held October 26 and was well attended by approximately 50 clients. Thank you to all of those who attended, and we look forward to seeing as many of you as possible at next year’s conference.
New Capital has brought on Todd Centurino, CFA as Chief Investment Officer. He will assume primary responsibility for our investment research, portfolio management, designing and implementing model portfolios, trading, investment reporting, fund company relationships, and more.
Implications of political foundering are that legislative initiatives in taxation; health care; trade; immigration; infrastructure; employment; and economy will likely be effectively sidelined as political matters accelerate and increasingly occupy the entire government
Watch a recording of the April 2017 Conference Call: Long-term Investing in a Risky Political Environment