Global Economy and Corporate Profits Remain Relatively Healthy Economic growth continues to be modestly healthy. While US GDP has been hovering within an anemic 0-2% growth range, a recent 3% result was posted in July (see Chart I below) Chart [...]

Greetings from Switzerland I am writing this quarterly investment blog post from my family vacation in Switzerland. Every few years we take a trip back to my late-mother's homeland to reconnect with family and friends. Not to mention, the forced [...]

The Fearless Public Equity Market US equity markets have continued to defy the critics, steadily climbing higher on lower and lower volatility. Every bit of bad news is routinely ignored, while good news is cheered on. Interestingly, while the bulk [...]

LGA is constantly evaluating the universe of investment options in both the public and private markets. We continue to see a major disparity in valuations between these two choices. We discuss this disparity below, along with our practical recommendations for [...]

 “The thought experiment of Adam Smith correctly takes into account the fact that people rationally pursue their economic interests. Of course they do. But this thought experiment fails to take into account the extent to which people are also guided [...]