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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  • Still Water Runs Deep

    Thursday, June 16, 2016

    Posted By: Matthias Paul Kuhlmey

    If we follow acclaimed hedge fund manager Michael Burry’s (one of the main characters from the book, The Big Short) investment path, the next big opportunity (or crisis, for that matter) will be related to water. In full agreement, we have been publishing our side of the story: first in our 2014 post, Glass Half Full, establishing the investment thesis, and then in 2015, with Dry Spell, offering a proprietary investment framework related to U.S. drought conditions (as per our own definition) and an investment in water vs. global small cap stocks in general.

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  • Breaking Paper Plates

    Thursday, June 2, 2016

    Posted By: Matthias Paul Kuhlmey

    Europe, these days, appears to be nothing short of a dysfunctional mess and, at best, good for a relaxing vacation. Adding to this rather harsh view is the fact that political gridlock has exacerbated the woes of the global economy and made financial markets more volatile. While now seemingly in the distant past, the 2011 European Debt Crisis was once considered worse than the 2008/2009 fallout; ever since, developments have appeared to resemble the movie “Groundhog Day,” with European progress stuck in a repeat pattern, including market participants fearing the next proverbial shoe to drop.

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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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  • 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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