Tag Archives: globalization

go global–buy the s&p 500

Two weeks ago, I had lunch with the legendary Dallas money manager Shad Rowe. Shad recounted an enlightening conversation about global economic trends he’d had with Sir Martin Sorrell, CEO of the British ad agency WPP. Sorrell told Shad that he believes the term ‘globalization’ is misleading.

‘Americanization’ is more like it,” he said.

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corporations are not people, so let’s stop taxing them like they are

It’s fashionable these days, especially in my industry, to style oneself as “socially liberal but fiscally conservative.” I might be one of the only hedge fund managers out there who claims the opposite. I tend to be to the right socially, but downright Krugman-esque when it comes to many fiscal issues. I’m passionately pro-immigration. I believe we should have government-funded healthcare. And I want more public spending on infrastructure and education.

I’ll also readily admit that wealthy individuals like me are under-taxed in this country. Businesses are another matter, though. Corporations are not people, and we shouldn’t be taxing them like they are.

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