Robert McCreary CapitalWorks private equity Cleveland
PE4FAMS Private Equity for Families Blog

The Private Equity for Families Blog

Insight for those who want to include private equity or direct investment in privately-held businesses in their portfolios. The opinions expressed in the PE4Fams blog are those of  Rob McCreary and not necessarily those of CapitalWorks or its employees.

Robert McCreary CapitalWorks private equity Cleveland

A Silver Mine For The Taking

A Silver Mine For The Taking “The Economist” understands something about retiring baby boomers that has eluded the money machine of American business. In a July 8th special report, the editors described the motherlode opportunity: “With longer lives, more free time and a lot of cash, older people clearly

Continue »

BITCOIN HAS GROWING PAINS

Everyone is talking about Bitcoin. Many investors, even those who never bought any, are now claiming to be early adopters. The world loves a winner and Bitcoin has outperformed just about every other asset class on the planet. If you bought $1,000 of Bitcoin in July 2010 at the

Continue »

Whimpy Economy At Its Zenith

I’d Gladly Pay You Tuesday For A Hamburger Today Bill Gross wants to sell you a bond. For that matter he wants to sell you trillions of dollars of bonds and, preferably, in one of his Janus products. He did catch my attention, however, with an interesting article in

Continue »

What If Facebook Were At Woodstock

Harvard is among the most selective universities in the world. Gaining admittance is a passport to prosperity and elite networks. The waiting list must be as long as the line at the Apple Store at 9:59am on Saturday morning.  How, then, can ten of the most brilliant and well

Continue »

Truth On A Slow News Day

It is always interesting to read The Wall Street Journal (“WSJ”) on days when the NYSE is closed and mainstream business is snoozing.  Memorial Day 2017’s edition contained opinions you never read when the markets are open. While the mainstream bias of WSJ is still squarely in favor of

Continue »

Buffet May Be Clearing Out The Competition

Most of us who have been investing for a long time know what kind of investor we are. Some of us are growth investors, some are growth at a reasonable price and some of us are unabashed chickens -also known by the more prestigious pedigree of “value investors”. Given

Continue »

Ballmer’s Gift: “Just The Facts, Maam”

Few businessmen make outright gifts to the American people.  John D. Rockefeller gave his estate in Maine to the National Parks to create what is now one of my favorite venues, Acadia National Park.  The views of Penobscot Bay from Rockefeller’s carriage roads are simply breathtaking and certainly worthy

Continue »

Bezos Rocked Me Like Muhammad Ali

I have a great high school friend who knows how to motivate me. When I was editor of the high school newspaper he would always provoke me to write controversial editorials by posing the unanswerable question knowing, full well, I would be crazy to find an answer. Fast forward

Continue »

Kashkari and Dimon Debate Too Big To Fail

I was inspired by another archived podcast I heard on Planet Money about former Goldman Sachs partner Neel Kashkari. As interim Assistant Secretary of the Treasury For Financial Stability, Mr. Kashkari is best known for overseeing the TARP program in 2008 and 2009 under his former boss, Hank Paulson.

Continue »

A Swing and Miss Business Model

In 2001 and 2009 the investment world was introduced to Nicolas Taleb and his two blockbusters “Fooled By Randomness” and “The Black Swan”. Arguing that some investment styles only work in certain conditions and not to confuse skill with luck, the first book schooled investors to look at a

Continue »

Why Not Write an Investment Cookbook?

My wife is a good cook. She claims it is all about following directions and has little to do with inspiration or special talents. While I doubt her modesty I do see her following closely the step by step recipes for dishes from Ina Garten, Giada DeLaurentiis, Mario Batali

Continue »

$30 Trillion of Debt Doesn’t Worry Anyone

Every year the US Government releases its Annual Report to its citizens. It is always interesting to see where we stand. Chart 4 below shows a 2016 balance sheet for the U.S. government. The assets are $3.4 trillion comprised mostly of student loans. The liabilities are $22.75 trillion comprised

Continue »

An Obituary for Democracy and Capitalism

The Economist has an interesting journalistic twist. Several of its opinion columns like Schumpeter, Buttonwood and Bagehot are named for inflexion point economists, political theorists or iconic events. For example, Schumpeter is named for Joseph Schumpeter who published a 1942 best-seller called “Capitalism, Socialism and Democracy”. Mr. Schumpeter was

Continue »

Why Do You Want Your Fridge To Be Smart?

In a nation of chronically obese and out of shape citizens why does anyone want a smart refrigerator? Based on my superficial and uneducated experience with other smart devices like cellphones, autos, iPads, computers, and Fitbits I have formed an opinion that smart devices are way too needy. Take

Continue »

Don’t Let Your Business Get IPA’ed

With a title like this you are probably thinking PE4Fams committed the cardinal sin of good journalism, a typo in the headline. Not so fast my proofreading friends, this blog is about disruptive technologies and the pervasive onslaught of India Pale Ales. The Economist Editorial staff produced a really

Continue »

A New Year for Private Equity

Turning the page on a great year is always bittersweet. While the future is exciting, the status quo is also mighty inviting. For private equity, 2016 will go down with Dickensian hyperbole as “The Best of Times”. Our business model turns on six or seven main ingredients, the absence

Continue »

Build On What Unites Us

You can get a pulse of America by paying attention to the TV shows acceptable for hospital waiting rooms where comfort, tranquility and hope are cultivated among those patients and family waiting for judgment or healing. Based on my recent pre election waiting room experiences there are only 4

Continue »

“The Economist” Weighs In On Private Equity

It seems like the whole world is now fascinated by a business model that has been around for more than 40 years. In the October 22nd issue of The Economist an editorial panel took a look at Private Equity. Entitled “The Barbarian Establishment” the article is mostly complimentary: “Private

Continue »

Winners, Losers and Reigned Out

The 2016 presidential election results were surprising and the aftermath is sure to bring more surprises. There appears to be premature celebration in many camps as business interprets the Trump victory in a most positive light. There are, however, a few bedrock changes coming that will set a business,

Continue »

Indians in Six Because…

Writing a blog about The World Series when your home team is a participant would seem as natural as blonde hair at a hair dressers convention. But I was resisting (jinx concerns) until I read a column by Jared Diamond in Monday’s edition of the Wall Street Journal “How

Continue »
Private Equity for Families Blog | CapitalWorks Private Equity Cleveland Ohio

Get Rob's Private Equity and Investing Insights in Your Inbox