Ten years after the introduction of bitcoin and its underlying blockchain technology, the two headline innovations have sparked both inspiration and controversy. Although challenges must be overcome before these emergent technologies can be fully realized, companies in nearly every industry are exploring blockchain technology applications. Crypto-a...
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Cryptocurrency is experiencing a surge in interest from mainstream investors and corporations worldwide. In this cryptocurrency series, we focus on the evolution of bitcoin moving from fad to mainstream; the role of virtual currencies in the global markets and the impact on the regulatory environment; the crime in the world of virtual currency, inc...
This guide provides a holistic review of the current cannabis laws in every state and the District of Columbia, from most favorable to cannabis businesses to most restrictive. In addition, you can find each state in alphabetical order. Jurisdictions are ranked on eight different factors, including business opportunities and support for ongoing...
More than 70 business owners, investors, potential cultivators, and dispensaries attended a half-day seminar on legal considerations for cannabis companies. While there, they covered a number of issues from the conflict between state and federal law, what people need to know about forming companies and investing in the cannabis industry, real estat...
A confluence of factors is conspiring to lay the groundwork for conditions increasingly threatening an end to the current business cycle. In this issue of The Real Economy, we present a number of easy-to-use metrics and data visualizations for middle market businesses to formulate judgments related to economic outlook risks. These include an array ...
With over 500 million people and the fourth largest collective economic market in the world, the Mexican, Latin American, and South American markets hold great opportunity for investment and growth for multinationals. However, because of various incidences of political upheaval and economic changes, it’s important for C-Suite executives to un...
High-net-worth families are increasingly looking to direct investments, a strategy gaining popularity with institutional investors. Direct investments appeal to wealthy individuals and family offices because they not only eliminate the management fees charged by investment firms, but also because the investments can align more closely with the valu...
At the ArcView Cannabis Investment Forum, a panel of leading private fund managers and industry analysts evaluated the booming yet trepidatious cannabis capital markets and predicted the developments that will most significantly affect investors in 2019. While the hype surrounding the cannabis industry is palpable, institutional investors have rema...
In a rapidly changing environment, we all must learn to adapt our thinking about the optimal way to invest our capital for long-term success and that entails taking our cue from Charlie Kindleberger on the equity markets today and our cues from Charlie Noyes (and the other Crypto Charlies) about blockchain, crypto, and Bitcoin. Charlie Darwin ...
There is much wisdom about the folly of prediction. But the process of thinking about variant perceptions and alternative scenarios is valuable to our investment process. With a nod to Byron Wien, the former Morgan Stanley and Blackstone Strategist who originated the annual 10 Surprises idea, we begin with the first potential surprise for...
In this Around the World with Yusko (#ATWWY) webinar, we explain why it’s time for investors to load up on CARBS—China, Argentina, Russia, Brazil, and South Korea—in their investment portfolio.
The past couple of years have proven to be banner years for private equity and merger and acquisition activity, with no signs of slow down in 2019. With cash on hand to invest and the increase in Representation and Warranty Insurance policies, forecasters expect these trends to continue. Podcast host Michael Cohen is joined by Luca Salvi to discuss...
There is a growing acknowledgment that government and philanthropic sources of capital will likely fall far short of what is needed in the coming decades to solve the pressing social and environmental challenges of our time. Hence, many investors are eager to find ways to generate positive impact through their investments. In this Impact Report, we...
While hosting a daily morning meeting, Paul Chew at Brown Advisory was asked: What are the most important lessons you learned from managing through the technology bubble in 2000-2001 and the financial crisis of 2008-2009? Circling back to the question and to his early career when he was an equity research analyst, Paul shares the three most importa...
A hot U.S. economy will likely cool noticeably in 2019 as the combination of receding fiscal stimulus, higher interest rates, and rising annual operating deficit begin to increase the cost of doing business. In this issue of The Real Economy, we take a closer look at key economic factors to watch in 2019 such as employment, financial conditions, do...