Boltwood Capital Management | Weekly Reads: 08/06/2018
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Weekly Reads: 08/06/2018

The Week’s Best Articles: Week of August 6th, 2018

Investing: Firm Behind Some of Silicon Valley’s Big Money Making Moments – click here
Index Ventures is a venture capital firm that is having quite a year in Silicon Valley and is beginning to get noticed.  Previously they had been focused in Europe but have been expanding to the US and have had a string of successes one of which Sonos just went public.  The author had a brief chat with them to understand who they are and how they invest.

Investing: Trump vs. the Fed – click here
The Federal Reserve has long held itself out as free from the political pressures of Washington D.C.  For the last several decades this independence has been real and the Fed has been able to navigate policy as they see fit.  However, that wasn’t always the case.  Now President Trump is beginning to try and indirectly put pressure on the Fed to act in a manner he sees fit.

Business: Jeep Trying to Stop Clone From Coming to Market – click here
Mahindra is an Indian company that long ago built Jeeps under a license agreement.  Today they are attempting to bring a non-road legal Jeep the market and Fiat (Jeep’s parent company isn’t happy).

Credit Markets: Liquidity a Major Risk to Credit Markets – click here
Liquidity in credit markets globally has been an issue for some time.  Central banks have been buying debt and regulatory changes have made it more difficult for Wall Street banks to hold fixed income in their inventory.  This is creating a situation, especially in Europe, that makes credit investors nervous.

Investing: The Opportunity Cost of Holding Cash – click here
Americans love cash.  While we hear stories constantly about how Americans are not saving enough each year this article examines how a subset of the population has to much cash on hand.  Specifically, the author examines the opportunity cost (or what you are giving up) of holding such a large stash over time.

Investing: Sales Growth Accelerating in the Economy, Which Companies are Winning – click here
Americans love cash.  While we hear stories constantly about how Americans are not saving enough each year this article examines how a subset of the population has to much cash on hand.  Specifically, the author examines the opportunity cost (or what you are giving up) of holding such a large stash over time.

Business: Death of the Celebrity TV Chef – click here
10 years ago if you were a chef on TV you were a celebrity known in many cases on a first name basis.  This popularity fueled empires as restaurants, cookbooks and other ventures made these individuals wealthy.  Today many of those same celebrities are closing doors and moving to a less prominent place in society.

Retirement: The High Price People Pay for Retiring Early Than They Expected – click here
For most of us retirement seems like a far-off goal.  The WSJ outlines how close to 50% of people retire earlier than they expected to.  This author examines the profound impact that retiring earlier than anticpated has on Americans.