Quarterly Commentary

Next month, Samuel Clemens turns 180. The man better known as Mark Twain excelled at social criticism, calling attention to class relations, oppression, slavery, and the failures of Reconstruction through his prolific library of important works. Of course, Twain was also known for his biting observational wit, reflected in a number of notable quotes delivered over his lifetime. One of his more famous – “Reports of my death have been...

How did you spend your money today? Maybe you started at a coffee shop, cringing slightly as you paid mid-single-digit dollars for a morning caffeine jolt. Then you filled your car with a tank of gas, regretting the fact that you seem to drive everywhere when walking or cycling would be healthier and less impactful on the climate. Wracked with guilt, you stopped at a bike shop and bought a...

Few things can compete with a good book in the summertime. Whether you've migrated to the world of digital ink or prefer something in hard cover or paperback, finding a good book is a treasure, and these next few months offer an extra-special invitation to sit outside and get lost in absorbing stories and characters. One book flying off shelves (and servers) right now is David McCullough’s “The Wright Brothers,”...

Thirty five years - in May, Colonial Consulting will have reached this age. While some on our staff were not yet born in 1980, quite a few of us are now in our third decade with the firm and quite proudly state that we remain consumed with almost child-like levels of curiosity, alongside the more mature recognition, of how much more there is to learn.Amongst the fascinating aspects of the...

It’s wintertime here in New York, and with both the Giants and Jets once again post-season bystanders, and the Knicks and Nets preparing to follow in their footsteps, many New Yorkers are already looking forward to baseball season. For Yankees fans, the upcoming season will be the first in almost twenty years that a recognizable face will not be manning the shortstop position. Derek Jeter played his final game this...

Looking across time at the intricacies of human behavior, it is quite common to run into fixed mindsets that put undue weight on present facts and circumstances. Yet, this trait is not universal as some have been able to foresee change either through creativity and/or a deep understanding of the past. The rare few that comprise this group are justifiably held in very high regard, although not immediately, as their...

For more than five years institutional investors have evaluated (and re-evaluated) the role of fixed income in their portfolios. During the financial crisis of 2008, a flight to quality led many investors to government debt, sending Treasury rates lower and credit spreads to historically wide levels. Near the end of the market downturn, opportunistic investors shifted to a more credit-oriented approach in an effort to capitalize on much higher yields...