Seymour Zises, President and co-founder of Family Management, writes bi-monthly opinions on issues and observations of relevance to clients and investors.
Four of the largest US companies, responsible for providing life-saving products and services throughout the pandemic, testified in front of Congress today. It is a shame that there is not better cooperation between the private and public sector to help the government solve our national problems.
It’s been 30 years since Andrea and I founded Family Management Corporation. We are as excited about our business today as we were in 1989. I’m proud to say that our original mission continues today.
It’s increasingly apparent that no matter what we would like to believe, we are at odds with the Peoples Republic of China. Call it what you will, but the United States and China have begun the struggle that may have been obvious to some and is now glaringly obvious to most of us – it’s a cold war.
Whether it’s Jerome Powell or KRAFT-HEINZ, there is an abundance of backtracking taking place in recent current events. Even President Trump had a good day in some press outlets when Mr. Mueller announced, “No Collusion” – or as Muhammad Ali might have said, “A Collusion Illusion.”
After a remarkable sell off in December, the U.S. stock and credit markets rebounded sharply in January. One thing that has become dramatically clear after the volatility of December, is the power of computerized trading in the stock market. There is no doubt that if Wall Street can find an advantage they will take it!