Money Clip

Blog by Matthias Paul Kuhlmey

Matthias Paul Kuhlmey is a Managing Director & Partner at HighTower Advisors, where he serves as wealth manager to High Net Worth and Ultra-High Net Worth Individuals, Family Offices, and Institutions.

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  • WoX – The Voice of HighTower

    Friday, May 20, 2016

    Published By: Matthias Paul Kuhlmey

    It was John Oliver who recently reminded us (different topic, yet relevant) that there is no use for “… people’s opinions on a fact.” With his simple truth in mind, let’s stay with facts, but those that were relevant in materially shaping the way our firm, HighTower, was built. The fact is that most professional money managers, as well as traditional Wall Street firms, did not have their facts right when there was a chance to identify the risks stemming from capital markets in 2007/2008, 2011, etc., and, quite frankly, many of them are still missing the mark. When reviewing a Google search on “the accuracy of Wall Street research,” the findings seem to be clear and rather sobering: it is a risk to build around one leading, and often binding, opinion.

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    With kind regards,


  • Taco Tuesdays – My Best Investment

    Thursday, May 19, 2016

    Published By: Matthias Paul Kuhlmey

    Rough on the edges, the wooden frame worn, with subtle scratches in the whitened glass: After more than ten years, our family’s dining table has adapted to perfect imperfection, “holding” many stories, if not family secrets. Of course, in competition with sitting for a shared meal are always the convenient alternatives not necessarily involving this rather monumental fixture of our extended kitchen – a quick bite at the bar, another dinner out (with mostly strangers), or homework while stuffing our faces.

    The benefits of shared meals are so astonishing that it may as well take an “investment guy” to make the case. Many areas of our communal life could be improved, if we were only to recognize that relatively small changes to the way we think about our meals, how we consume them, and in what company, will not only have a lasting impact on our overall wellbeing, but also offer more sustainable paths in areas such as education and healthcare. What comes along with this notion is the opportunity to reconsider the “competitive edge” that we, and most children already at a young age, are subjected to…

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  • Spring Charts: Catering to Your ADD

    Monday, April 25, 2016

    Posted by: Matthias Paul Kuhlmey

    “Spring Charts” is a series of current financial topics explained in dots, lines, and only a few words – just the right “mix” to concisely convey ideas for critical thinking about investing.

    Over centuries, the written word has served as a powerful tool of evolving civilizations. Today, however, most of our society suffers from chronic attention deficit disorder (ADD) – not only in terms of the ways we can or cannot consume information, but also in our collective ability to usefully apply knowledge. In this respect, the world of investing appears to have become among the most gullible, allowing for imbalances and, consequently, systemic risk to build within the financial system. With this strong intro in mind, we will make this blog entry a quick one, in both message and format: back to the charts…

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  • Cross-Mojonation

    Friday, April 8, 2016

    Posted by: Matthias Paul Kuhlmey

    A few years back, I had a crazy idea: Central banks were essentially doing a favor for one another (possibly even in coordination) by taking turns in supporting the global financial system. In consequence, ample liquidity was (and still is) being injected into the world economy at a constant rate, and, with speculative capital unleashed, every asset class, sooner or later, would have its “moment of glory.” Undoubtedly, two of the most prominent were the rise of the commodity sector and, to a degree (related), emerging market (EM) equities. Set aside the fact that we called the imminent onset of the commodity bust (in our 2011 publication, Fairytales), we also have (ever since) warned of the inherent and ongoing “entanglement” of commodity performance and EM price formation – a relationship which has yet to be resolved.

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