Generosity Wealth Management
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We are committed to straightforward, respectful, and frictionless interactions, where details matter and clients leave each exchange with confidence and hope.

It’s not a Banking Problem

This article is good because it talks about Household and Consumer Debt as the underlying problem with our financial problems, not the banking regulations. I happen to agree personal consumer debt has been a huge problem for our country and will continue to be a major...

Hindsight Bias and Performance

A puzzle that was so hard the first time around is simple in hindsight. This is known as Hindsight Bias. This week I talk about the psychological phenomenon of Hindsight Bias and investors' over reliance on Performance Numbers. TRANSCRIPT: Hi Clients and Friends, Mike...

Time to Buy Municipals?

I've been negative on the finances of state and local governments for some time, and continue to believe it will get worse before it gets better. This article takes a contrarian view, particularly on the debt, which I want to present to you. He argues there are...

Understanding Risk Management

John Paulson, a smart, rich, and successful hedge fund manager, has some pretty good words about "Risk" in a paper he recently published. Put simply, you have to understand what the Risk is before you come up with bumper sticker phases like "if you watch the downside...

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